In a tweet on Tuesday, CCI said it has approved “acquisition of sole control of Meritor by Cummins”.
In February last year, Cummins signed definitive agreements to acquire Meritor.
Cummins is a global power leader that designs, manufactures, distributes engines, filtration, and power generation products. Both Meritor and Cummins have business operations in India.
Deals beyond a certain threshold have to be approved by CCI, which keeps a tab on unfair business practices.