Meritor Overview
- Year Founded
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1909
- Status
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Acquired/Merged
- Employees
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9,600
- Latest Deal Type
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M&A
- Financing Rounds
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11
- Investments
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17
Meritor General Information
Description
Meritor Inc is a manufacturer of automobile parts for commercial vehicles and industrial markets. The company offers drivetrain, axle, brake, and suspension solutions for commercial trucks, trailers, buses, coaches, off-highway machinery, and defence contractors. The company serves original equipment markets as well as the aftermarket segment for the transportation and industrial sectors. Meritor generates the majority of its revenue from its commercial truck and industrial segment. Geographically, sales are focused on North American markets.
Contact Information
Website
www.meritor.com(Operating Subsidiary)
Corporate Office
- 2135 West Maple Road
- Troy, MI 48084
- United States
Corporate Office
- 2135 West Maple Road
- Troy, MI 48084
- United States
Meritor Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Meritor Comparisons
Industry
Financing
Details
Meritor Competitors (15)
One of Meritor’s 15 competitors is Maxion Wheels, a Corporation company based in Konigswinter, Germany.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Maxion Wheels | Corporation | Konigswinter, Germany | ||||
| Wheels India | Corporation | Chennai, India | ||||
| Accuride | Formerly PE-Backed | Livonia, MI | ||||
| International Motors (Road) | Corporate Backed or Acquired | Lisle, IL | ||||
| Volvo Group | Corporation | Gothenburg, Sweden |
Meritor Patents
Meritor Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| GB-202413541-D0 | Actuator for a heavy vehicle foundation brake | Pending | 13-Sep-2024 | ||
| GB-202413542-D0 | An actuator | Pending | 13-Sep-2024 | ||
| GB-202413543-D0 | Actuator for a heavy vehicle foundation brake | Pending | 13-Sep-2024 | ||
| GB-202413544-D0 | Actuator for a heavy vehicle foundation brake | Pending | 13-Sep-2024 | ||
| GB-202413539-D0 | Actuator for a heavy vehicle foundation brake | Pending | 13-Sep-2024 |
Meritor Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Meritor Investments & Acquisitions (17)
Meritor’s most recent deal was a Merger/Acquisition with Siemens (Commercial Vehicles Business) for . The deal was made on 30-Nov-2022.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Siemens (Commercial Vehicles Business) | 30-Nov-2022 | Merger/Acquisition | Road | ||
| SEA Electric | 09-Mar-2021 | Later Stage VC | Automotive | ||
| TransPower | 16-Jan-2020 | Merger/Acquisition | Energy Storage | ||
| AxleTech | 26-Jul-2019 | Merger/Acquisition | Industrial Supplies and Parts | ||
| TransPower | 02-Apr-2019 | Later Stage VC | Energy Storage |
Meritor Exits (6)
Meritor’s most recent exit was on 09-Mar-2021 from SEA Electric. The exit was categorized as with 3 buyers.
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| SEA Electric | 09-Mar-2021 | Completed |
|
||
| Mascot Truck Parts | 19-Dec-2007 | Completed |
|
||
| TRW Gabriel | 01-Oct-2007 | Completed |
|
||
| Suspensys Sistemas Automotivos | 01-Jan-2002 | Completed |
|
||
| Tempered Spring | 01-Feb-2000 | Merger/Acquisition | Completed |
|
Affiliates
Subsidiaries (4)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Maremont Exhaust Products | Schulenburg, TX | 1992 | |
| Meritor Specialty Products | Troy, MI | 1987 | |
| Meritor International Holdings | Troy, MI | 1984 | |
| Meritor Retirement Plan | Columbus, IN | 1952 |
Meritor FAQs
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When was Meritor founded?
Meritor was founded in 1909.
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Where is Meritor headquartered?
Meritor is headquartered in Troy, MI.
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What is the size of Meritor?
Meritor has 9,600 total employees.
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What industry is Meritor in?
Meritor’s primary industry is Road.
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Is Meritor a private or public company?
Meritor is a Private company.
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What is the current valuation of Meritor?
The current valuation of Meritor is .
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What is Meritor’s current revenue?
The current revenue for Meritor is .
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How much funding has Meritor raised over time?
Meritor has raised $2.7B.
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Who are Meritor’s competitors?
Maxion Wheels, Wheels India, Accuride, International Motors (Road), and Volvo Group are some of the 15 competitors of Meritor.
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When was Meritor acquired?
Meritor was acquired on 03-Aug-2022.
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Who acquired Meritor?
Meritor was acquired by Cummins.
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