Cummins expanding electric technology portfolio

Cummins is expanding its portfolio of electric drive technologies with the acquisition of the assets of Brammo, Inc. The firm designs and develops battery packs for use in mobile and stationary drive applications. The purchase of the Brammo battery pack technology will help boost the range of systems and expertise for Cummins. With this deal Cummins intends to become a global leader in the market for electric drives, complementing its range of compression ignition and turbocharging technologies.
October 17, 2017 Read time: 2 mins

196 Cummins is expanding its portfolio of electric drive technologies with the acquisition of the assets of Brammo, Inc. The firm designs and develops battery packs for use in mobile and stationary drive applications. The purchase of the Brammo battery pack technology will help boost the range of systems and expertise for Cummins. With this deal Cummins intends to become a global leader in the market for electric drives, complementing its range of compression ignition and turbocharging technologies.

"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 subsystems of the electrification network," said Tom Linebarger, chairman and CEO, Cummins. "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 our competition. As always, when markets are ready, Cummins will bring our customers the right power solution at the right time to power their success."

Operations from this acquisition will report under Cummins’ recently formed Electrification Business led by Julie Furber, executive director of Electrification at Cummins, and will continue to be based in Talent, Oregon. Founded in 2002, Brammo has made great strides in developing electric energy storage technology for mobile and stationary applications.

“Brammo’s expertise across a broad range of applications uniquely positions us to enhance Cummins’ efforts to be a leader in the electrified power space,” said Craig Bramscher, chairman and CEO of Brammo. “We see this as a very exciting opportunity to continue changing the way the world moves and stores power.”

This acquisition is subject to customary closing conditions and is expected to close by the end of this calendar year.

Engines, Components & Tyres Finance & Funding

For more information on companies in this article

Related Content

  • Global growth in machine rental
    May 20, 2015
    The machine rental sector is undergoing significant expansion worldwide – Dan Gilkes reports. Plant hire, equipment rental, leasing, call it what you will, being able to use a machine when and where you need it, with no further concerns relating to ownership costs, depreciation or sudden repair bills, remains a compelling argument for many contractors. Which is one of the main reasons for the continued growth in popularity of equipment rental across the world. Rental has been big business in the UK, the US
    Read More
  • CET opens new laboratory to service UK’s infrastructure projects
    October 23, 2017
    With over £300 billion of investment in infrastructure planned over the next four years in the UK, materials testing firm CET is gearing up to service a lot more projects – Kristina Smith visited the newest laboratory near Heathrow to find out more. The CET Group has ambitious plans. Over the next four years it wants to double the size of its business, which in the last year turned over £27 million. “There’s a lot of positivity out there,” said Gary Corrigan, managing director of the group’s infrastructu
    Read More
  • Ammann acquires concrete plant manufacturer Elba
    February 11, 2014
    The Ammann Group has acquired concrete plant manufacturer Elba in a move said to ‘round off’ the Group’s portfolio, while also representing an ideal complement to Ammann’s existing asphalt plant and machine divisions. Founded in 1948, Elba is based in Ettlingen, Germany and is considered a much-respected producer of high-quality concrete mixing plants. Ammann will complete the actual purchase process at the beginning of March 2014 once the acquisition has been approved by the cartel authorities. The Elba
    Read More
  • Topcon’s Ray O’Connor to retire in 2025
    August 21, 2024
    Before his retirement, O’Connor becomes chairman on September 1 and Ivan Di Federico, executive vice president and chief strategy officer, becomes chief executive.
    Read More

Highlighted Content