Meritor Cwmbran heavy vehicle components’ plant has been bought by Cummins as part of a $3.7 billion global deal.
In March last year, Meritor Cwmbran won support for a £31.9 million project to develop lightweight electric powertrains for heavy goods vehicles in the latest round of R&D funding guided by the Advanced Propulsion Centre.
The two American headquartered business say the acquisition will strengthen their business and enable them to better compete around the world as technology changes. Early today it was unclear what would be the effect on production and jobs at the Welsh plant.
“The acquisition of Meritor is an important milestone for Cummins. Meritor is an industry leader, and the addition of their complementary strengths will help us address one of the most critical technology challenges of our age: developing economically viable zero carbon solutions for commercial and industrial applications,” said Tom Linebarger, Chairman and CEO, Cummins.
In a statement Chris Villavarayan, CEO and President of Meritor said, “Customers will benefit from enhanced capabilities in technology and the ability to accelerate investment in axle and brake development and EV adoption.”