TransPower: Meritor (MTOR) Announces Additional Investment in TransPower to Advance Growth in Electric Commercial Vehicle Technologies
Meritor, Inc. (NYSE: MTOR) today announced an additional strategic investment in TransPower, a leader in electrification technologies for large commercial vehicles, to support future growth. Terms of the transaction were not disclosed.
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TransPower develops and manufactures propulsion and energy-storage subsystems for truck, school bus and refuse vehicle manufacturers.
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