Cummins Completes Acquisition of Jacobs Vehicle Systems

April 14, 2022 06:30 AM Eastern Daylight Time COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) today announced that it has closed on its acquisition of Jacobs Vehicle Systems (JVS) from Altra Industrial Motion Corp.

Jacobs Vehicle Systems is a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies. The addition of JVS brings new technologies that will provide growth opportunities for Cummins' current and future advanced engine platforms. The acquisition of JVS also secures critical USMCA qualified engine components for current and aftermarket products and expands on Cummins' offerings to customers globally.

Engine braking and cylinder deactivation will be key components to meeting current and future emissions regulations, and this acquisition allows Cummins to better integrate these important technologies into its emissions-leading medium and heavy-duty engines.

'Now that this deal has closed, we are excited to welcome JVS' engineering expertise, best in class products and employees into the Cummins organization,' said Jennifer Rumsey, Cummins' President and Chief Operating Officer. 'Adding Jacobs' engine braking and cylinder deactivation technologies creates new growth and technical opportunities to advance our path to zero emissions strategy to achieve net-zero carbon emissions by 2050.'

Operations from Jacobs Vehicle Systems will report into Cummins Turbo Technologies, a business unit led by Shon Wright, Vice President of Cummins Turbo Technologies, that resides within the company's Components segment.

Founded in 1961, JVS has roughly 600 employees and more than 60 years of experience in engine retarding and valve actuation systems for the commercial vehicle industry. JVS has two primary manufacturing facilities in Bloomfield, CT (U.S.) and Suzhou, China.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company's products range from internal combustion, electric and hybrid integrated power solutions and components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, microgrid controls, batteries, electrolyzers and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24 billion in 2021. Learn more at cummins.com.

Forward-looking disclosure statement

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