Meritor Announces Investment in TransPower to Accelerate Electrical Vehicle Platforms
From PR Newswire, December 07, 2017.
TROY, Mich., Dec. 7, 2017 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced a strategic investment in TransPower, a leader in electrification technologies for large commercial vehicles. Terms of the transaction were not disclosed.
California-based TransPower supplies integrated drive systems, full electric truck solutions and energy-storage subsystems to major manufacturers of trucks, school buses, refuse vehicles and terminal tractors. The company has been focused exclusively on developing electrical drive solutions for more than seven years.
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