Cummins to acquire a 26% stake in Automotive Axles.

Synopsis

Cummins, a multinational corporation that designs, manufactures, and distributes engines, filtration, and power generation products, agreed to acquire a 26% stake in Automotive Axles, an auto component company. Financial terms were not disclosed.

Principals

target

Automotive Axles

bidder

Cummins

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Market Context

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Seller Team (1)

n muthukumar

CEO at AUTOMOTIVE AXLES

Manager

target

Deal

n/a

Total Value

Bidder Team (1)

jennifer rumsey

President and CEO at CUMMINS INC

Manager

bidder

Deals

£ 2.88 B

Total Value

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