Cummins has accomplished its US$3.7-billion acquisition of Meritor, strengthening its ePowertrain portfolio and opening new alternatives supplying the business with elements resembling axles and brakes.
“We’re excited to welcome Meritor’s staff into Cummins,” stated Jennifer Rumsey, Cummins’ president and CEO. “Collectively, Cummins and Meritor will transfer additional and quicker in creating economically viable decarbonized powertrain options which might be higher for folks and our planet.”
Tom Linebarger, Cummins’ government chairman added, “Cummins may also help develop Meritor’s core enterprise given our gross sales and repair community and buyer relationships all over the world, and this acquisition has clear synergies for each corporations that can place us for future investments throughout our business’s expertise transition. We’re relentless in our give attention to Vacation spot Zero, our firm technique to realize net-zero emissions, and can lead within the transition to decarbonized energy. This acquisition is a crucial step in executing on our technique.”