Cummins acquires energy storage technology

Posted on 05 Nov 2017 and read 278 times
Cummins acquires energy storage technologyCummins Inc (www.cummins.com) has announced that it is acquiring the assets of Brammo Inc, which designs and develops battery packs for mobile and stationary applications.

Adding Brammo’s battery-pack expertise and resources is seen as an important milestone in Cummins’ efforts to become a “global electrified power leader”.

Tom Linebarger, chairman and CEO of Cummins Inc, said: “To be a leading provider of electrified power systems, just as we are with diesel- and natural gas-driven powertrains, we must own key elements and sub-systems of the electrification network.

“By adding the expertise of Brammo and its employees to Cummins, we are taking a step forward in our electrification business and differentiating ourselves from the competition.”

This acquisition is subject to the customary ‘closing conditions’, but it should be completed by the end of the year.

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