Meritor Inc (MTOR)

Meritor, Inc. operates as an axle and brake technology company. It operates through, Components, Engine, Distribution, Power Systems, and Accelera segments. The Components segment sells filtration products, aftertreatment systems, turbochargers, electronics, fuel systems, automated transmissions, axles, drivelines, brakes, and suspension systems. The Engine segment produces and sells engines and associated parts to customers in on-highway and various off-highway markets. Its engines are used in trucks of various sizes, buses, and recreational vehicles, as well as in various industrial applications, including construction, agriculture, power generation systems, and other off-highway applications. The Distribution segment is involved in the wholesale of engines, generator sets, and service parts. This segment also performs service and repair activities on its products and maintains relationships with various OEMs worldwide. The Power Systems segment designs, manufactures, and sells engines for mining, oil and gas, marine, and rail industries; and standby and prime power generator sets, alternators, and other power components. The Accelera segment engages in the design, manufacture, sale, and support of hydrogen production technologies; and electrified power systems with components and subsystems comprising battery, fuel cell, and electric powertrain technologies. Meritor, Inc. was formerly known as ArvinMeritor Inc. and changed its name to Meritor, Inc. in January 2011. The company was founded in 1909 and is based in Troy, Michigan. Meritor, Inc. operates as a subsidiary of Cummins Inc.