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Publish Date : 16-May-2017

In a bid to become the 'worlds leading powertrain supplier,' Eaton and Cummins have joined hands in an equal partnership to build automated transmission for heavy- and medium-duty commercial vehicles.

Cummins is paying $600 million in cash to Eaton to receive a 50 % stake in the transmission-building business.

The deal would close in Q3-2017, subject to approval by the federal government.

The cash partnership deal is new, but this isn't the first time Eaton and Cummins have formed a team on the powertrain development business. Drawing from a long history of partnership, Eaton officials are very optimistic about the success of the Eaton Cummins Automated Transmission Technologies venture.

Craig Arnold, Eaton chairman and chief executive officer, said, 'We really think this gives us an opportunity to build on that successful history and do a much better job of deeper integration engines both for our OEM customers and Cummins as well.

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