Through its new subsidiary Meritor, Cummins has acquired Siemens’ Commercial Vehicles business, a global supplier of high-performance electric drive systems for commercial vehicles. The purchase
brings key capabilities in direct drive and transmission-based remote mount electric motors, inverters, software and related services for electric powertrains, says Cummins.
In May 2022, Meritor announced it had entered into an agreement to acquire the business for approximately €190 million, Cummins subsequently completed its acquisition of Meritor in August. The deal brings to Cummins nearly 200 employees primarily in Germany, China and the United States, and is seen as a move to accelerate Cummins ability to offer global customers a wider array of electrified product solutions for commercial vehicles.
“We are excited to welcome Siemens’ Commercial Vehicles electric drive systems business into Cummins,” said Jennifer Rumsey, Cummins president and CEO. “By combining our collective, deep knowledge of our industry and how our customers use our applications, we will innovate and advance key technologies.”
“We are thrilled to join Cummins which has a long history serving the commercial vehicle market,” said Mart Verschoor, former CEO of Siemens Commercial Vehicles who will assume the role as vice president – traction systems within Cummins’ New Power segment.
One of the company’s recent product developments is its NextGen platform for enabling a new generation of efficient electric commercial vehicles and buses, breaking new grounds in terms of range and available torque. Its 1CS2016-NG-SW-DS is a single-winding permanent synchronous magnet direct drive motor designed for 9-to-12-meter buses weighing 12 to 18 tons. For more info, see www.cummins.com.