M&A Deal Summary

Cummins Acquires Jacobs Vehicle Systems

On February 9, 2022, Cummins acquired automotive company Jacobs Vehicle Systems from Altra Industrial Motion

Acquisition Highlights
  • This is Cummins’ 5th transaction in the Automotive sector.
  • This is Cummins’ 5th transaction in the United States.
  • This is Cummins’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2022-02-09
Target Jacobs Vehicle Systems
Sector Automotive
Buyer(s) Cummins
Sellers(s) Altra Industrial Motion
Deal Type Divestiture

Target

Jacobs Vehicle Systems

Bloomfield, Connecticut, United States
Jacobs Vehicle Systems is a manufacturer of diesel and natural gas engine retarding systems and valve actuation mechanisms, provides engine brakes, emissions solutions to medium and heavy-duty engine. Jacobs Vehicle Systems was founded in 1961 and is based in Bloomfield, Connecticut.

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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 8 of 9
Sector (Automotive) 5 of 6
Type (Divestiture) 4 of 4
State (Connecticut) 1 of 1
Country (United States) 5 of 6
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Momentum Fuel Technologies

Roanoke, Texas, United States

Momentum Fuel Technologies is a provider of fuel system solutions, featuring state-of-the-art engineering, design, and manufacturing processes, complete system installation capabilities and the industry’s most comprehensive sales, service and support network. Momentum Fuel Technologies is a compressed natural gas (CNG) fuel system solution for Class 6-8 vehicles. Momentum Fuel Technologies was founded in 2015 and is based in Roanoke, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Meritor

Troy, Michigan, United States

Meritor is a global supplier of a broad range of integrated systems, modules, and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation, and industrial sectors. Meritor was formed in 1909 and is based in Troy, Michigan.

Buy $3.7B

Seller(S) 1

SELLER

Altra Industrial Motion

Braintree, Massachusetts, United States
Category Company
Founded 2004
Sector Electrical Equipment
Employees9,000
Revenue 1.9B USD (2021)
DESCRIPTION

Altra Industrial Motion is a designer, producer and marketer of a wide range of electromechanical power transmission products. Altra Industrial Motion was founded in 2004 and is based in Braintree, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 Nook

Cleveland, Ohio, United States

Nook provides a broad-based offering of premium linear motion solutions. Nook provides clients with proven knowledge and flexibility to design, engineer, and manufacture premium quality linear motion systems and solutions for their most challenging applications. Its customers benefit from a wide range of premium products and services that fit well into unlimited industries. Nook was founded in 1969 and is based in Cleveland, Ohio.

Buy -
Mergr

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