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Cummins to acquire two Faurecia commercial vehicle exhaust plants for EUR142M · Endata

◂ Announcements

May 23, 2023ACQUISITIONColumbus, Indiana; Roermond, Netherlands, United States

Cummins to acquire two Faurecia commercial vehicle exhaust plants for EUR142M

Cummins Inc. entered a definitive agreement to purchase two Faurecia commercial vehicle exhaust manufacturing plants in Columbus, Indiana (USA) and Roermond, Netherlands, for EUR142 million. The acquisition includes related activities and tech centers.

Value

$153.0M (142.0M EUR)

Status

Announced

Productscommercial vehicle exhaust systemsaftertreatment components

CompaniesFaurecia target Cummins acquirer

Sectors#Automotive Components

“This proposed acquisition would enable both organizations to meet long-term strategic goals and would preserve business operations and employment for talented employees within the two plants and related tech centers.”investor.cummins.com

2 sources
investor.cummins.comCummins to Acquire Parts of Faurecia’s Commercial Vehicle Exhaust Business in Europe and the United States :: Cummins Inc. (CMI)May 23, 2023
ccjdigital.comCummins acquiring commercial vehicle exhaust business | Commercial Carrier JournalCCJ StaffMay 23, 2023

Summarized from public sources; check the original articles before acting on it.

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