Fabco has made its name over nearly a century as a leader in the design and manufacturing of drivetrain systems and gearboxes.
But now the brand and its products will fall under the Meritor umbrella.
A statement released by Meritor a short time ago says with the addition of Fabco’s suite of products, Meritor will have an expanded portfolio of complementary products…
These include transfer cases, specialty gear boxes, auxiliary transmissions and power take off units (PTOs) for medium, heavy and extra heavy vehicles for on- and off-highway, construction, defense, rail and other industrial applications.
Jay Craig, CEO and president, of Meritor said the transaction allows Meritor to offer global customers a wider breadth of capabilities and an expanded portfolio of complementary products.
“Acquiring this suite of products and technologies provides Meritor with new products and customers in important markets that we expect will contribute to significant growth in our Specialty, Defense and Off-Highway business units,”
“This transaction fits well with our plan to pursue strategic growth initiatives, while maintaining a balanced approach to capital allocation as part of our M2019 plan.”
The statement saying the acquisition will also help the company diversify its customer base and expand into the rail, oil and gas industries not currently served by Meritor.
We’ll bring you any further updates on the take-over as additional info comes to hand.