The joint effort will support both organizations’ goals to reduce emissions across product offerings and operations.
The IPO is expected to commence after the completion of the SEC review process, subject to market and other conditions.
Cummins says this transaction will strengthen its range of powertrain components and accelerate development of electrified power solutions.
In March 2021, Rumsey was promoted to president and chief operating officer, overseeing Cummins’ global operations.
The agreement brings new technologies for Cummins’ current and future advanced diesel engine platforms.
Valvoline and Cummins have been partners for more than 25 years, working in tandem since the mid-1990s to develop lubricants for numerous heavy-duty applications, including fluids for vehicles powered by alternative fuels.
The company is actively testing more than 100 vehicles in coordination with ADS technology companies.
The goal for the new hydrogen engines is to achieve zero carbon emissions and improved thermal efficiency.
The collaboration accelerates the integration of next-generation truck components and controls in self-driving trucks.
This unique business alliance spans more than 25 years, and boasts collaborative development of multiple innovative, heavy-duty engine products for use worldwide.
Cummins Inc. is participating in the North American Council for Freight Efficiency (NACFE) Run on Less – Electric (RoL-E) electric truck technology demonstration.