M&A Deal Summary

Meritor Acquires Euclid Industries

On December 28, 1998, Meritor acquired engineering company Euclid Industries

Acquisition Highlights
  • This is Meritor’s 1st transaction in the Engineering sector.
  • This is Meritor’s 1st transaction in the United States.
  • This is Meritor’s 1st transaction in Michigan.

M&A Deal Summary
Date 1998-12-28
Target Euclid Industries
Sector Engineering
Buyer(s) Meritor
Deal Type Add-on Acquisition

Target

Euclid Industries

Bay City, Michigan, United States
Euclid Industries, Inc. is a supplier of automotive parts to the heavy truck aftermarket.

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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 1 of 11
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 8
State (Michigan) 1 of 2
Country (United States) 1 of 6
Year (1998) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-07 Arvin Industries

Columbus, Indiana, United States

Arvin Industries, Inc. is a manufacturer of automotive components with more than 60 manufacturing facilities and six technical centers located in 22 countries. Arvin is a manufacturer of automotive exhaust systems; ride control products; air, oil and fuel filters; and gas-charged lift supports.

Buy $670M
Mergr

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