M&A Deal Summary

Cummins Acquires Brammo

On October 16, 2017, Cummins acquired automotive company Brammo from Polaris

Acquisition Highlights
  • This is Cummins’ 2nd transaction in the Automotive sector.
  • This is Cummins’ 2nd transaction in the United States.
  • This is Cummins’ 1st transaction in Oregon.

M&A Deal Summary
Date 2017-10-16
Target Brammo
Sector Automotive
Buyer(s) Cummins
Sellers(s) Polaris
Deal Type Divestiture

Target

Brammo

Talent, Oregon, United States
Brammo, Inc. is an electric vehicle technology company designs and develops electric vehicles including the award winning Enertia and Empulse motorcycles. Brammo is an OEM supplier of its innovative Brammo Digital Drivetrain systems including the Brammo Power battery pack and Brammo Power vehicle management system. Brammo has vehicle distribution and marketing operations in North America, South America, Europe, and Asia.

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Buyer(S) 1

Buyer

Cummins

Columbus, Indiana, United States
Category Company
Founded 1919
Sector Machinery
Employees75,500
Revenue 34.1B USD (2023)
DESCRIPTION

Cummins designs, manufactures, distributes and services engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins was incorporated in 1919 and is based in Columbus, Indiana.

DEAL STATS #
Overall 4 of 9
Sector (Automotive) 2 of 6
Type (Divestiture) 2 of 4
State (Oregon) 1 of 1
Country (United States) 2 of 6
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-22 ICDC

Bermuda

ICDC is a captive insurer that provides workers compensation, commercial general liability, business auto liability, business auto physical damage, and property risks services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Efficient Drivetrains

Milpitas, California, United States

Efficient Drivetrains, Inc. is a designer and producer of Plug-in Hybrid Electric Vehicle (PHEV) and full Electric Vehicle (EV) drivetrains, exportable power, vehicle control software, and idle mitigation solutions. Efficient Drivetrains was founded in 2006 and is based in Milpitas, California.

Buy -

Seller(S) 1

SELLER

Polaris

Medina, Minnesota, United States
Category Company
Founded 1954
Sector Automotive
Employees18,500
Revenue 8.9B USD (2023)
DESCRIPTION
Polaris' corporate headquarters in Medina, Minnesota.
Polaris' corporate headquarters in Medina, Minnesota.

Polaris designs, engineers, manufactures and markets off-road vehicles, including all-terrain vehicles (ATVs) and the Polaris RANGER and RZR side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles. Polaris was founded in 1954 and is based in Medina, Minnesota.

DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 2
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Transamerican Auto Parts

Compton, California, United States

Transamerican Auto Parts is a provider of parts and accessories for off-road vehicles. It offers products in various categories, including tires, wheels, steel products, lighting, winches, jeep accessories, truck accessories, and general accessories. Transamerican Auto Parts is based in Compton, California.

Buy $665M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Bennington Marine

Elkhart, Indiana, United States

Bennington Marine is a manufacturer of pontoon boats. Bennington Marine is based in Elkhart, Indiana.

Buy -
Mergr

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