For the second time in a decade, private equity giant Carlyle Group of Washington, D.C., has acquired Troy-based AxleTech International. And for the second time, Mary Petrovich finds herself leading ...

Flex-N-Gate, a Tier 1 auto supplier, is establishing a new manufacturing facility in Troy, adding 245 jobs, according to an announcement by the Michigan Economic Development Corporation. The company ...

Global auto supplier Flex-N-Gate will add 245 jobs at a manufacturing facility in Troy, the Michigan Economic Development Corp. said Thursday. The tier-1 auto supplier, whose Troy business unit ...

Allison Transmission has long been a global leader in propulsion, supplying automatic transmissions for vehicles powered by traditional diesel and gas engines. But the commercial vehicle industry is ...

Meritor, Inc. has successfully completed its acquisition of AxleTech from global investment firm The Carlyle Group. The transaction enhances Meritor’s growth platform with the addition of a ...

David Sickels is the Senior Editor of Fleet Equipment. He has a history of working in the media, marketing and automotive industries in both print and online. Meritor says the transaction enhances its ...

Meritor Inc. announced that it has completed its acquisition of AxleTech from investment firm The Carlyle Group. The transaction is aimed at enhancing Meritor’s platform with the addition of a ...

TROY, Mich., July 29, 2019 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has successfully completed its acquisition of AxleTech from global investment firm The Carlyle Group ...

TROY, Mich. ̶ U.S. drivetrain supplier Meritor said Monday it has successfully completed its acquisition of AxleTech from The Carlyle Group. The previously announced transaction enhances Meritor’s ...

Meritor, Inc. has entered into an agreement with an affiliate of The Carlyle Group, a global investment firm, under which Meritor will acquire AxleTech for approximately $175 million in cash, adjusted ...

Meritor Inc. announced it entered into an agreement to acquire AxleTech from an affiliate of The Carlyle Group for $175 million to accelerate global sales and growth. AxleTech’s products include ...

Meritor Inc. announced it has entered into an agreement with an affiliate of The Carlyle Group, a global investment firm, under which Meritor will acquire AxleTech for approximately $175 million.