# Cummins acquires First Mode assets for hybrid mining technology

Cummins Inc. acquired assets of First Mode, including hybrid mining and rail product lines and IP portfolio, to enhance decarbonization solutions for mining. The deal includes manufacturing and technical teams in Australia, the US, and Chile.

- Type: Acquisition
- Announced: 2025-02-11
- Where: Seattle, Washington, United States
- Value: $15.0M
- Status: completed
- Products: retrofit hybrid systems, hydrogen powertrains, battery powertrains
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Cummins](https://endata.com/companies/6668.md) (acquirer)
- [First Mode](https://endata.com/companies/54501.md) (target)

## Sources

- [selfscreening.cummins.com](https://selfscreening.cummins.com/en-eu/news/releases/2025/02/11/cummins-acquires-first-mode-assets-decarbonization-leadership-mining), 2025-02-11: "This acquisition is an important step forward in our goal to lead our Power Systems customers through the energy transition."
- [insideindianabusiness.com](https://www.insideindianabusiness.com/articles/cummins-buys-portion-of-specialty-hydrogen-mining-company-in-bankruptcy-sale), 2025-02-12: "Cummins is making moves in the mining industry with the acquisition of certain assets from First Mode LLC."
- [electrek.co](https://electrek.co/2025/02/16/cummins-acquires-hybrid-heavy-mining-equipment-experts-first-mode/), 2025-02-16: "This acquisition is an important step forward in our goal to lead our Power Systems customers through the energy transition."
- [electrek.co](https://electrek.co/2025/02/16/cummins-acquires-hybrid-heavy-mining-equipment-experts-first-mode/?extended-comments=1), 2025-02-16: "This acquisition is an important step forward in our goal to lead our Power Systems customers through the energy transition."
- [chargedevs.com](https://chargedevs.com/newswire/cummins-acquires-assets-of-mining-decarbonization-company-first-mode/), 2025-02-19: "This acquisition is an important step forward in our goal to lead our Power Systems customers through the energy transition."
- [e-mj.com](https://www.e-mj.com/departments/suppliers-report/cummins-buys-bankrupt-first-mode/), 2025-03-17: "This acquisition is an important step forward in our goal to lead our Power Systems customers through the energy transition."

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