Cummins Finishes Acquisition of Siemens Commercial Vehicles Unit

Cummins Inc., through its Meritor subsidiary, has completed its acquisition of Siemens’ Commercial Vehicles business, a global supplier of high-performance electric drive systems for commercial vehicles. In May, Meritor announced it had entered into an agreement to acquire the business for approximately €190 million enterprise value; Cummins subsequently completed its acquisition of Meritor in August. […]

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