Cummins to acquire Meritor for $2.58 billion

U.S. truck engine maker Cummins Inc. announced it will buy auto parts maker Meritor Inc. for $2.58 billion in cash to expand its electric and hybrid vehicle parts offerings.

“U.S. truck engine maker Cummins Inc said on Tuesday it will buy auto parts maker Meritor Inc for $2.58 billion in cash, to beef up its electric and hybrid vehicle parts offerings amid a boom in demand for climate-friendly transport.”reuters.com

• 1 source
• reuters.comEngine maker Cummins to buy Meritor for $2.6 bln in electric parts push | ReutersFeb 22, 2022

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