The mass movement toward consolidation continued last week as pairings involving six automotive suppliers took shape. Meritor Automotive Inc., looking to expand its presence in Europe and its overall industry position, completes the acquisition of LucasVarity plc's Heavy Vehicle Braking Systems (HVBS) division for $390 million in cash. Meritor says the HVBS business will become part of its Heavy Vehicle Systems and Worldwide Aftermarket businesses. Meanwhile, Eaton Corp. agrees to ...
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