COLUMBUS, Ind. – Cummins has acquired Siemens Commercial Vehicles business through its subsidiary Meritor. Siemens is a 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 $200 million in enterprise value. Cummins subsequently completed its acquisition of Meritor in August 2022.
This acquisition, finalized Wednesday, adds key capabilities in direct drive and transmission-based remote mount electric motors, inverters, and related services that are critical to the next generation of electric powertrains.
These capabilities, and their addition of nearly 200 employees primarily in Germany, China, and the United States, will accelerate the ability of Cummins to offer global customers a wider array of electrified product solutions across commercial vehicle applications.
