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


Please enter your comment!
Please enter your name here

Must Read

Volvo already sees signs of pre-buy activity as truck market poised to strengthen – Truck News

Volvo Trucks North America (VTNA) is already seeing signs of a pre-buy,...

PMTC names Scarselli its dispatcher of the year, introduces new drivers to hall of fame – Truck News

Private Motor Truck Council of Canada (PMTC) has inducted four truckers into...

Peterbilt delivers 1,000th Model 589 – Truck News

Peterbilt recently celebrated the delivery of the 1,000th Model 589 to Mike...

HTEC to deploy 100 hydrogen fuel-cell-electric trucks in B.C. – Truck News

The HTEC H2 Gateway Program will see 100 hydrogen fuel-cell-electric trucks deployed...

Transportation technology, offshoring, among keys to success: Heather Devine – Truck News

Heather Devine, the chief legal officer of Traffix, left little doubt about...