NEWS RELEASES
Cummins Moves Toward Electric Technology With New Acquisition
Editor's Note: This news item was retrieved and first published through Cummins, Inc.'s website.
COLUMBUS, Ind. - Cummins Inc., a worldwide leader in the design, manufacture, distribution and service of a broad range of engines and other power solutions, announced its next step in becoming a leader in electrified power with the acquisition of Efficient Drivetrains, Inc. (EDI). The Silicon Valley-based EDI designs and produces hybrid and fully electric power solutions for commercial markets.
During the past nine months, Cummins accelerated its investment in electric storage, with the acquisitions of UK-based Johnson Matthey Battery Systems and North America-based Brammo. Executives expect EDI’s fully-electric and unique four-mode hybrid powertrains to broaden Cummins’ electrification expertise and products, and give the company a springboard into the electric market, according to a press release. EDI’s hybrid system is the most versatile on the market today, able to switch, in real time, between fully electric, series and parallel modes.
"As power needs and technologies continue to evolve, Cummins remains committed to innovations that will deliver the right power solutions for the right applications at the right time to help our customers succeed," Tom Linebarger, Chairman and CEO of Cummins Inc., said in the release. "This acquisition will combine EDI’s talented workforce and electrification capabilities with Cummins’ expertise in developing and manufacturing the technologies that power the world." The acquisition of EDI is expected to close in the third quarter.
View the full press release by Cummins by clicking here.
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