# 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.

- Type: Acquisition
- Announced: 2022-02-22
- Where: United States
- Value: $2.58B
- Status: announced
- Products: electric and hybrid vehicle parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Cummins](https://endata.com/companies/6668.md) (acquirer)
- [Meritor](https://endata.com/companies/17649.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/business/autos-transportation/engine-maker-cummins-buy-meritor-26-bln-electric-parts-push-2022-02-22/), 2022-02-22: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.