Cummins Inc. has announced that it is acquiring the assets of Oregon-based Brammo Inc., which designs and develops battery packs for mobile and stationary applications. Cummins says adding Brammo’s battery pack experience 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,” says Tom Linebarger, chairman and CEO of 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, Ore.
“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,” says 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.”
Cummins says this acquisition adds to the company’s portfolio of solutions and provides an entry point into new markets. In August, Cummins revealed a fully electric heavy-duty demonstration Urban Hauler Tractor.
This acquisition is subject to customary closing conditions and is expected to close by the end of the calendar year. Financial details were not disclosed.
