Meritor today announced it has acquired substantially all of the assets of AA Gear & Manufacturing and its subsidiaries. Terms of the transaction were not disclosed.
Headquartered in Howell, Mich., AAG is a privately-held manufacturer that provides low-to-medium volume batch manufacturing for complex gear and shaft applications, as well as quick-turnaround prototyping solutions and emergency plant support. Meritor says the company has a strong manufacturing engineering team with a reputation for solving customers’ technical issues as a means to building long-term customer relationships.
Those relationships include some of the world’s leading manufacturers, Meritor says, across a wide range of attractive end markets including agriculture, construction, heavy truck, diversified industrial and automotive.
This news comes just hours after Meritor introduced a pair of new steer axles, its second and third new axle products introduced in April.
“The addition of AAG will provide our Components business with increased technical capabilities that will enable Meritor to offer new products and applications and to accelerate our components growth strategy,” says Kevin Nowlan, Meritor senior vice president and president, Trailer, Components and CFO.
“We are confident that AAG will fit seamlessly into our Components business, and we look forward to working together to serve our customers, drive operational excellence and achieve our growth objectives.”