October 16, 2017 | News Brief | Cummins, Inc. is acquiring the assets of Brammo, Inc., which designs and develops battery packs for mobile and stationary applications. Adding Brammo’s battery pack expertise and resources is an important milestone in Cummins’ efforts to become a global electrified power leader.
“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 Inc. “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.
This acquisition is subject to customary closing conditions and is expected to close by the end of this calendar year.
