Cummins Inc. announced it has entered into a definitive agreement with Faurecia, a company of the FORVIA Group, to purchase two of Faurecia’s commercial vehicle manufacturing plants and their related activities for EUR142 million. The manufacturing facilities are located in Columbus, Indiana, and Roermond, Netherlands.
“Cummins and Faurecia have a long partnership history,” said Cary Chenanda, vice president of Cummins Emission Solutions. “This proposed acquisition would enable both organizations to meet long-term strategic goals and would preserve business operations and employment for talented employees within the two plants and related tech centers, while creating value for customers and suppliers across the entire supply chain. Cummins is committed to meeting or exceeding global emissions regulations now and in the coming years, and I am energized by this unique opportunity to gain experienced technical and manufacturing resources that would carry us far into the future.”
Cummins says Faurecia has been a partner and supplier for more than a decade, and the FORVIA Group’s divestment initiatives offered Cummins an opportunity to ensure the long-term supply of after-treatment components and assemblies. The acquisition adds significant technical and manufacturing resources and enhances Cummins’ existing mixer portfolio. These assets position Cummins’ Emission Solutions business for long-term success, the company adds.