Cummins Acquires Certain Assets of the Commercial Vehicle Business of Faurecia.
MANews-(C)2009-2023
US-based power solutions provider Cummins Emission Solutions has acquired two Faurecia commercial vehicle manufacturing plants and their related activities, located in Indiana and the Netherlands, the company said.
Cummins financed the transaction, which had a total transaction value of EUR 199.2 m (USD 208.8 m), using cash on the company's balance sheet.
Faurecia is a global automotive technology leader and company of the FORVIA Group.
Faurecia has been a partner and supplier to Cummins for more than a decade, and the FORVIA Group's divestment initiatives offered Cummins an opportunity to ensure the...
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