Machinery / Industrial Parts & Tools

Recently, Cummins announced the completion of the acquisition of Meritor. Meritor is a leading provider of transmission, mobility, braking, aftermarket and electric powertrain solutions for the global commercial vehicle and industrial markets.

Integrating Meritor's outstanding talents, leading axle and braking technologies and products will help Cummins become the industry's leading supplier of integrated powertrain solutions for both internal combustion engine and electric power applications.

The Meritor acquisition will enrich the Cummins component portfolio and bring new growth opportunities for the company's power solutions and applications. At the same time, Cummins will accelerate the growth of Meritor's core business of axle and brake products through the company's global network, serving commercial vehicles, trailers, off-road applications, specialty vehicles and aftermarket customers worldwide.

Cummins plans to complete the acquisition through a combination of cash and debt financing, with a total transaction value of approximately $3.7 billion, and will remain committed to maintaining the company's credit rating.