Cummins closes on acquisition of siemens' commercial vehicles business

Columbus, ind. & nuremberg, germany--( business wire )--global power and technology leader, cummins inc. (nyse: cmi) today announced that it, through its subsidiary meritor, has completed its acquisition of siemens' commercial vehicles business, a leading global supplier of high-performance electric drive systems for commercial vehicles. in may 2022, meritor, inc. announced it had entered into an agreement to acquire the business for approximately €190 million enterprise value; cummins subsequently completed its acquisition of meritor in august 2022.
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