# Cummins completes acquisition of Siemens' Commercial Vehicles business

Cummins Inc., through its subsidiary Meritor, completed the acquisition of Siemens' Commercial Vehicles business for approximately €190 million. The business supplies high-performance electric drive systems for commercial vehicles and adds nearly 200 employees in Germany, China and the United States.

- Type: Acquisition
- Announced: 2022-11-30
- Where: Nuremberg, Germany, Germany
- Value: $200.0M (190.0M EUR)
- Jobs: 200
- Status: completed
- Products: electric drive systems, electric motors, inverters, software
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (target)
- [Cummins](https://endata.com/companies/6668.md) (acquirer)
- [Meritor](https://endata.com/companies/17649.md) (acquirer)

## Sources

- [cummins.com](https://www.cummins.com/en-na/news/releases/2022/11/30/cummins-closes-acquisition-siemens-commercial-vehicles-business), 2022-11-30: "Cummins Inc. today announced that it, through its subsidiary Meritor, has completed its acquisition of Siemens’ Commercial Vehicles business."

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