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Diesel giant Cummins acquiring automobile parts manufacturer at $3.7B

Diesel Giant Cummins is betting on the electric truck future as its invests in automobile parts manufacturer, Meritor. The company makes various drivetrain, mobility, braking, aftermarket, and electric powertrain solutions for commercial vehicle and industrial markets.  With the deal value to be $3.7 billion, the investment from Cummins is focused on making disruptions in the trucking segment.

Cummins Buying Meritor In $3.7 Billion Deal, Accelerating Auto Supplier  Consolidation

Image credits- Forbes

 

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