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.

About the Author

Tim Parry

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

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