M&A Deal Summary

Cummins Acquires Meritor

On February 22, 2022, Cummins, Inc. acquired automotive company Meritor, Inc. for 3.7B USD

Acquisition Highlights
  • This is Cummins’ 6th transaction in the Automotive sector.
  • This is Cummins’ 1st largest (disclosed) transaction.
  • This is Cummins’ 6th transaction in the United States.
  • This is Cummins’ 1st transaction in Michigan.

M&A Deal Summary

Date 2022-02-22
Target Meritor, Inc.
Sector Automotive
Buyer(s) Cummins, Inc.
Deal Type Add-on Acquisition
Deal Value 3.7B USD
Advisor(s) J.P. Morgan Securities LLC (Financial)
Wachtell, Lipton, Rosen & Katz LLP (Legal)

Target

Meritor, Inc.

Troy, Michigan, United States
website
Meritor's corporate headquarters in Troy, Michigan.
Meritor's corporate headquarters in Troy, Michigan.
Meritor is a global supplier of a broad range of integrated systems, modules, and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation, and industrial sectors. Meritor was formed in 1909 and is based in Troy, Michigan.

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Buyer(S) 1

Buyer

Cummins, Inc.

Columbus, Indiana, United States

website


Category Company
Founded 1919
SectorMachinery
Employees59,900
Revenue 24.0B USD (2021)
DESCRIPTION

Cummins designs, manufactures, distributes and services engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins was incorporated in 1919 and is based in Columbus, Indiana.


DEAL STATS #
Overall 9 of 9
Sector (Automotive) 6 of 6
Type (Add-on Acquisition) 4 of 4
State (Michigan) 1 of 1
Country (United States) 6 of 6
Year (2022) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Jacobs Vehicle Systems, Inc.

Bloomfield, Connecticut, United States

Jacobs Vehicle Systems is a manufacturer of diesel and natural gas engine retarding systems and valve actuation mechanisms, provides engine brakes, emissions solutions to medium and heavy-duty engine. Jacobs Vehicle Systems was founded in 1961 and is based in Bloomfield, Connecticut.

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