ArvinMeritor selling off-highway axle business

Nov. 5, 2002
ArvinMeritor Inc. announced it has reached agreement for the sale of its off-highway axle business, which principally manufactures planetary axles for off-road applications, to AxleTech International. The sale includes manufacturing sites at Oshkosh, WI, and St. Etienne, France, and the planetary axle operations in Osasco, Brazil, and Seoul, Korea. The sale excludes ArvinMeritor's interest in its
ArvinMeritor Inc. announced it has reached agreement for the sale of its off-highway axle business, which principally manufactures planetary axles for off-road applications, to AxleTech International.

The sale includes manufacturing sites at Oshkosh, WI, and St. Etienne, France, and the planetary axle operations in Osasco, Brazil, and Seoul, Korea. The sale excludes ArvinMeritor's interest in its joint venture operations in Xuzhou, China.

Terms of the sale were not disclosed. The closing of the sale will take place pending certain regulatory approvals.

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!