Cummins to Acquire Parts of Faurecia's Commercial Vehicle Exhaust Business in Europe and the US For €142M
Portfolio Pulse from Benzinga Newsdesk
Cummins Inc. has entered into an agreement to acquire two of Faurecia's commercial vehicle manufacturing plants in Columbus, Indiana, and Roermond, Netherlands for €142 million.

May 23, 2023 | 7:40 am
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Cummins Inc. is set to acquire two Faurecia commercial vehicle manufacturing plants for €142 million, expanding its presence in Europe and the US.
The acquisition of Faurecia's commercial vehicle manufacturing plants will expand Cummins' presence in Europe and the US, potentially increasing its market share and revenue. This is likely to have a positive impact on CMI's stock price in the short term.
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