Page Translator

Follow Us On...

Follow us on Twitter

 

Follow us on Twitter

EW Shopping

EW Shopping

Social Network Links

  • Google Bookmarks
  • Twitter
  • Windows Live
  • Facebook
  • MySpace
  • Yahoo! Bookmarks

Our Sponsors

Truckstop Guide

Homeland Security

Homeland Security

Service Providers

OOIDA

Google Ads

Wabco closes joint venture with Meritor

BRUSSELS, Belgium –- Wabco has finalized the deal to purchase the Meritor Wabco joint venture that introduced its products to North America -- although Meritor will continue to distribute Wabco aftermarket offerings.

The joint venture, which employs about 200 people and recorded sales of US $300 million in 2016, is now being integrated into Wabco’s North America Business Unit. Wabco purchased Meritor’s stake for US $250 million.

“Taking full control of the Meritor Wabco joint venture business is a major milestone in expanding our operations in North America,” said Jon Morrison, Wabco president - Americas.

“With this consolidation of its business organization and broader access to market in North America, Wabco will further strengthen its connectivity to commercial vehicle manufacturers and fleet operators through more simplified and direct channels. Operating fully under the Wabco brand, the local business will become even more agile, efficient and customer-focused,” he said.

Meritor will continue to be Wabco’s exclusive distributor for a range of aftermarket products in the U.S. and Canada, while a non-exclusive arrangement will cover Mexico. The distribution agreement is secured for 3-1/2 years, although either party has the option to terminate that deal for between US $225-265 million, depending on business earnings.

The new business structure gives Wabco the chance to offer a consolidated portfolio of products including wheel end solutions, air disc brakes, autonomous braking, electronic stability, active steering control systems, and Advanced Driver Assistance Systems, as well as aerodynamic, air management, and transmission automation control products.

Source of article click here : Today's Trucking

Driver Jobs

EW Classifieds

Fuel Price Locator


AMBEST

 

Loves

 

Petro

 

Pilot

 

Sapp Bros

 

Speedway

 

TA

 

Click a logo above to
view most currently posted Fuel Prices