Cummins Acquires Part Of Faurecia's Commercial Vehicle Exhaust Aftertreatment Business For €199.2M
Portfolio Pulse from Shivani Kumaresan
Cummins Inc has completed the acquisition of two commercial vehicle manufacturing plants from Faurecia for €199.2 million. The acquisition is expected to enhance Cummins' existing mixer portfolio and ensure continued access to the technology and facilities it needs to meet current and future demand for low-emissions products.
October 02, 2023 | 11:26 am
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Cummins' acquisition of two Faurecia plants for €199.2M is expected to enhance its mixer portfolio and secure access to essential technology for low-emissions products. The deal was financed using cash on Cummins' balance sheet.
The acquisition is directly related to Cummins' business and is expected to enhance its product portfolio and secure access to essential technology. This could potentially increase the company's competitive advantage in the market, which may positively impact its stock price in the short term. The fact that the deal was financed using cash on Cummins' balance sheet indicates a strong financial position, which is also a positive signal to investors.
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