WABCO announced completion of buying Meritor, stake in Meritor WABCO joint venture (JV). After this purchase, WABCO achieves full ownership of the JV. The stake has been acquired at a price of $250 million.
This recent stake acquisition marks WABCO’s dedication to combine all its North American operations and unite the business under one brand. These business merging initiatives by the company will enable its customers to seamlessly access WABCO’s range of technologies.
Meritor WABCO’s operations will be merged into the acquiring company’s WABCO North America Business Unit.