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Eversheds Sutherland advises Meritor on acquisition of Siemens Commercial Vehicles business

  • Germany

    30-05-2022

    An international Eversheds Sutherland team has advised Meritor, Inc. on its acquisition of Siemens Commercial Vehicles business for approximately EUR 190 million. The acquisition will enable Meritor to offer a wider array of electrified product solutions to the global commercial vehicle market. The transaction is expected to close by calendar year-end, subject to regulatory approvals and customary closing conditions.

    Based in Troy, Mich., United States, Meritor is a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. With more than 9,600 employees in 19 countries, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor common stock is traded on the New York Stock Exchange.

    With approximately 200 employees across Germany, China and the United States, the Siemens Commercial Vehicles business develops, designs and produces high-performance electric drive systems.

    The Eversheds Sutherland team was led by Partner Anthony Cross, Associate Luise Meyer-Lindemann and Counsel Christian Lindner (all corporate/M&A, Munich) and included Partners Martin Bechtold (antitrust), Tobias Maier (IP), Nils Müller (data protection), Manuela Rauch (employment, all Munich), Rolf Kowanz (employment, Hamburg) and Simon Weppner (tax, Dusseldorf), Counsel Merle Templin (Employment, Hamburg) as well as Associates Hizir Aydogdu (real estate, Dusseldorf), Claudia Steinhäußer (employment), Carolin Obermaier (commercial), Malte Scheel (IP, all Munich), Niklas Schilawa (tax) and Maximilian-Philipp Schöps (antitrust, both Dusseldorf) as well as Transaction Support Lawyer Sonja Popp (corporate/M&A, Munich).

    The international Corporate/M&A team comprised in the US of Stacey Kern (Partner, Chicago), Chris Rosselli (Counsel) and Jazmen Howard (Associate, both Atlanta) and in China of Jack Cai (Partner), Betty Li, Lincoln Meng (both Associates, all , Shanghai).

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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