Meritor: Cummins completes acquisition of Siemens' Commercial Vehicles unit

Cummins Inc., through its subsidiary Meritor, has completed its acquisition of Siemens' Commercial Vehicles business, a leading 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 Siemens' Commercial Vehicles business for approximately EUR190 million (USD200 million) enterprise value. Cummins subsequently [...]The post Cummins completes acquisition of Siemens' Commercial Vehicles unit appeared first on F&L Asia.