M&A Deal Summary

Meritor Acquires Siemens - Commercial Vehicles Electric Propulsion Business

On May 20, 2022, Meritor acquired manufacturer Siemens - Commercial Vehicles Electric Propulsion Business from Siemens for 190M EUR

Acquisition Highlights
  • This is Meritor’s 2nd transaction in the Manufacturing sector.
  • This is Meritor’s largest (disclosed) transaction.
  • This is Meritor’s 1st transaction in Germany.

M&A Deal Summary
Date 2022-05-20
Target Siemens - Commercial Vehicles Electric Propulsion Business
Sector Manufacturing
Buyer(s) Meritor
Sellers(s) Siemens
Deal Type Divestiture
Deal Value 190M EUR

Target

Siemens - Commercial Vehicles Electric Propulsion Business

Germany
Siemens' Commercial Vehicles Electric Propulsion Business develops, designs and produces high-performance electric drive systems. Product offerings include direct-drive and transmission-based remote mount electric motors, inverters, software and related services.

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Buyer(S) 1

Buyer

Meritor

Troy, Michigan, United States
Category Company
Founded 1909
Sector Automotive
Employees8,600
Revenue 3.0B USD (2020)
DESCRIPTION
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.

DEAL STATS #
Overall 11 of 11
Sector (Manufacturing) 2 of 2
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 AxleTech International Holdings

Oshkosh, Wisconsin, United States

AxleTech is a manufacturer and supplier of axles, axle components, planetary axles, brakes, and aftermarket parts for commercial specialty trucks, military vehicles, and off-highway machines used in construction, material handling, forestry, mining, and agricultural markets.

Buy $175M

Seller(S) 1

SELLER

Siemens

Munich, Germany
Category Company
Founded 1847
Sector Diversified
Employees320,000
Revenue 77.8B EUR (2023)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.

DEAL STATS #
Overall 23 of 27
Sector (Manufacturing) 3 of 3
Type (Divestiture) 19 of 23
Country (Germany) 13 of 16
Year (2022) 1 of 1
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 Nextflow Software

Nantes, France

Nextflow Software is an independent provider of advanced particle-based computational fluid dynamics (CFD) solutions. The company co-owns and co-develops with ECN labs the Intellectual Property (IP) of numerous innovative solvers, and develops its own IP adding value around these solvers. Nextflow Software was founded in 2015 and is based in Nantes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Brightly Software

Cary, North Carolina, United States

Brightly Software is a provider of cloud-based operations management software to the education, government, healthcare, and manufacturing verticals. Brightly Software was founded in 1999 and is headquartered in Cary, North Carolina.

Buy $1.6B
Mergr

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