Home Truck News Cummins acquires Faurecia aftertreatment manufacturing plants - Truck News

Cummins acquires Faurecia aftertreatment manufacturing plants – Truck News

Cummins is acquiring a share of Faurecia’s commercial vehicle exhaust aftertreatment business in Europe and the U.S.

Under the 142-million-Euro deal ($213 million Cdn), Cummins acquires related manufacturing plants in Roermond, the Netherlands, and Columbus, Ind., and will integrate them into its worldwide operations.

The deal leaves Faurecia to focus on ultra-low emissions systems for light vehicles and its hydrogen roadmap, Faurecia says. Activities in other regions including China and India will continue.

“The transfer of these plants and their activities to a trusted engine manufacturer is good news for the plants’ long term viability,” said Faurecia CEO Patrick Koller, noting that proceeds will contribute to its parent company’s billion-euro asset disposal program by the end of 2023.

The transaction is still subject to regulatory approvals, but is expected to be finalized before the end of the year, the company says.

Cummins sign


Credit: Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

TTC hosts 108th annual gala dinner, awards scholarships and elects new board members – Truck News

The Toronto Transportation Club (TTC) held its Annual General Meeting at the...

The heavy-duty truck equipment Trend of the Year – Fleet Equipment Magazine

The heavy-duty truck equipment Trend of the Year  Fleet Equipment Magazine Credit: Source link

APTA names White driver of the year, honors industry stars – Truck News

The Atlantic Provinces Trucking Association (APTA) has honored Josh Charles White with...

Torc Robotics teams up with Uber Freight – Truck News

Torc Robotics — an independent Daimler Truck subsidiary that’s developing autonomous vehicles...

Lion’s battery packs receive final certification – Truck News

Lion Electric has announced it has received final certification for its medium-duty...