Meritor

Meritor, Inc.
FormerlyArvinMeritor
Company typeSubsidiary
NYSE: MTOR
IndustryCommercial vehicles systems and components
PredecessorRockwell International
Headquarters
Troy, Michigan
,
U.S.
Number of locations
39 sites (2016)
Area served
Worldwide
Key people
Jennifer Rumsey (CEO)
Revenue
  • Increase US$3.34 billion (2017)
  • US$3.20 billion (2016)
  • Increase US$207 million (2017)
  • US$204 million (2016)
  • Decrease US$324 million (2017)
  • US$573 million (2016)
Total assets
  • Increase US$2.78 billion (2017)
  • US$2.49 billion (2016)
Total equity
  • Increase US$295 million (2017)
  • US$(186) million (2016)
Number of employees
8,200[1] (2017)
ParentCummins
Divisions
  • Commercial Truck & Industrial
  • Aftermarket & Trailer
Websitewww.meritor.com

Meritor, Inc. is an American corporation headquartered in Troy, Michigan, which manufactures automobile components for military suppliers, trucks, and trailers. Meritor is a Fortune 500 company.[2]

In 1997, Rockwell International spun off its automotive business as Meritor. In 2000, ArvinMeritor was formed from the merger of Meritor Automotive, Inc., and Arvin Industries, Inc.[3] On February 1, 2011, the company announced that it would revert its name to Meritor, Inc. in late March.[4] The name change was successfully completed and launched on March 30, 2011. On February 22, 2022, Cummins announced to acquire Meritor for $3.7 billion.[5] The acquisition closed on August 3 of that year.[6]

  1. ^ "Brink's". Fortune. Archived from the original on 2019-02-20. Retrieved 2019-02-19.
  2. ^ "Fortune 500 2006: ArvinMeritor". CNN. Retrieved 2006-11-11.
  3. ^ "ArvinMeritor history". Retrieved 2012-09-11.
  4. ^ Woodall, Bernie (February 1, 2011). "UPDATE 1-ArvinMeritor posts loss, changing name". Reuters.
  5. ^ Gardner, Greg (2022-02-22). "Cummins Buying Meritor In $3.7 Billion Deal, Accelerating Auto Supplier Consolidation". Forbes. Retrieved 2022-06-17.
  6. ^ "Cummins completes acquisition of Meritor". Cummins. 2022-08-03. Retrieved 2022-08-24.