Cummins Completes Acquisition of Faurecia Commercial Vehicle Emissions Business
October 19,2023
October 19, 2023, Cummins has recently announced the successful acquisition of the commercial vehicle emissions business of two Faurecia manufacturing plants and related operations, one located in Columbus, Indiana, USA, and the other in Rémire-Montjoly, France.
Faurecia is a global leader in automotive technology and a subsidiary of the Faurecia Group. The company has been a partner and supplier to Cummins for over a decade. Cummins is now working to fulfill existing supplier and customer contracts in these two plants and will make necessary investments to meet these commitments. Faurecia will continue to be a supplier to Cummins in India, China, South Africa, and South America.
The total value of the acquisition is approximately 199.2 million euros. It will further expand Cummins' technical capabilities in emissions systems and provide a wealth of technical and manufacturing resources for Cummins' emissions solutions business. This acquisition enhances Cummins' existing product portfolio and offers a long-term business development opportunity, leveraging deep insights into the industry market from both companies. It will promote joint innovation, drive essential technology upgrades, and accelerate progress toward achieving zero-carbon goals.
Cary Chenanda, Vice President of Cummins Emissions Solutions, stated, "This is an exciting moment for our new team. This acquisition provides Cummins Emissions Solutions with an opportunity to ensure it has the technical and facility capabilities needed to meet current and future market demand for low-emission products. I am pleased to have the opportunity to work with new colleagues and serve the customers who trust us."
Cummins Emissions Solutions is committed to providing comprehensive emissions control solutions with forward-looking product design and development capabilities, advanced exhaust emission control technology, mature integrated product capabilities, innovative component design and manufacturing capabilities to drive customer success.
The total value of the acquisition is approximately 199.2 million euros. It will further expand Cummins' technical capabilities in emissions systems and provide a wealth of technical and manufacturing resources for Cummins' emissions solutions business. This acquisition enhances Cummins' existing product portfolio and offers a long-term business development opportunity, leveraging deep insights into the industry market from both companies. It will promote joint innovation, drive essential technology upgrades, and accelerate progress toward achieving zero-carbon goals.
Cary Chenanda, Vice President of Cummins Emissions Solutions, stated, "This is an exciting moment for our new team. This acquisition provides Cummins Emissions Solutions with an opportunity to ensure it has the technical and facility capabilities needed to meet current and future market demand for low-emission products. I am pleased to have the opportunity to work with new colleagues and serve the customers who trust us."
Cummins Emissions Solutions is committed to providing comprehensive emissions control solutions with forward-looking product design and development capabilities, advanced exhaust emission control technology, mature integrated product capabilities, innovative component design and manufacturing capabilities to drive customer success.
Source : www.chinaspv.com
Editor : Rosy
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Tags: Cummins Faurecia
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