Meritor, Inc. (NYSE:MTOR) entered into an agreement to acquire Commercial Vehicles Business of Siemens AG for an enterprise value of €190 million on May 19, 2022. The consideration is in cash, adjusted for changes in working capital at closing. The transaction is expected to close by calendar year-end, subject to regulatory approvals and customary closing conditions. Jakub Lorys, Thomas Gierath, Ariane Schaaf, Bernhard Trappehl and Christian Reichel of Baker & Mckenzie Partnerschaft Von Rechtsanwälten Wirtschaftsprüfern,Steuerberatern Und Solicitors, Frankfurt acted as legal advisor to Siemens Aktiengesellschaft. Anthony Cross, Christian Lindner, Martin Bechtold, Tobias Maier, Nils Müller, Manuela Rauch, Rolf Kowanz, Simon Weppner, Merle Templin and Sonja Popp of Eversheds Sutherland (Germany) LLP, Stacey Kern and Chris Rosselli of Eversheds Sutherland (US) LLP and Jack Cai of Eversheds Sutherland China acted as legal advisor to Meritor. Greenhill & Co., LLC acted as financial advisor to Meritor, Inc. in the transaction.

Meritor, Inc. completed the acquisition of Commercial Vehicles Business of Siemens AG in August 2022.