Acquiring Company
Cummins
Acquired Company
Meritor
ColumbusManufacturingManufacturingHealth CareDescription
Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) today announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash.
Quick answer
Cummins is acquiring Meritor, announced February 22, 2022. Cummins is based in Columbus, Indiana, United States.
- How much did Cummins pay for Meritor?
- The deal value was not disclosed.
- What does Cummins do?
- Cummins Inc., a global power solutions leader, comprises five business segments - Engine, Components, Distribution, Power Systems and Accelera by Cummins - supported by its global manufacturing and extensive service and..
- Where are Cummins and Meritor based?
- Cummins is based in Columbus, Indiana, United States.
- Who are the decision-makers at Cummins?
- Fundz holds 3 contacts at Cummins. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Cummins, and when
When Cummins changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Related People
Frequently asked
Who acquired Meritor?
Meritor was acquired by Cummins, based in Columbus. The deal was reported on February 22, 2022. Cummins is publicly traded (CMI) and operates in Manufacturing.
When did Cummins acquire Meritor?
Cummins's acquisition of Meritor was reported on February 22, 2022. Cummins Inc. (NYSE: CMI) and Meritor, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Meritor do?
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. It is privately held, operating in Manufacturing.
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