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M&A Deal Summary

Cummins Acquires First Mode

On February 11, 2025, Cummins acquired business services company First Mode

Acquisition Highlights
  • This is Cummins’ 1st transaction in the Business Services sector.
  • This is Cummins’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2025-02-11
Target First Mode
Sector Business Services
Buyer(s) Cummins
Deal Type Add-on Acquisition

Target

First Mode

London, United Kingdom
First Mode is a provider of retrofit hybrid solutions for mining and rail operations. First Mode was formed in 2018 and is headquartered in London, England.

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Buyer(S) 1

Buyer

Cummins

Columbus, Indiana, United States
Category Company
Founded 1919
Sector Machinery
Employees69,600
Revenue 34.1B USD (2024)
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 founded in 1919 and is based in Columbus, Indiana.

DEAL STATS #
Overall 11 of 11
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
Country: United Kingdom M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Engendren

Kenosha, Wisconsin, United States

Engendren is a manufacturer of custom-designed cooling solutions to OEMs and end-users of internal combustion engines, providing a comprehensive array of heat transfer systems including radiators, air coolers, oil coolers, heat exchangers, cooling system packages and accessories. Engendren was founded in 2012 and is based in Kenosha, Wisconsin.

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