Cummins closes on Siemens CV business
30 November 2022
Cummins announced that it, through its subsidiary Meritor, has completed its acquisition of Siemens’ Commercial Vehicles business, a global supplier of high-performance electric drive systems for commercial vehicles. In May, Meritor entered into an agreement to acquire the business for approximately €190 million (US$196 million) enterprise value. Cummins subsequently completed…
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