Cummins will acquire engine braking and cylinder deactivation company Jacobs Vehicle Systems (JVS), a subsidiary of Altra Industrial Motion Corp.
The agreement will see the addition of new technologies to provide growth opportunities for Cummins’ current and future advanced diesel engine platforms.
“JVS brings engineering expertise, best in class products and key manufacturing capabilities to Cummins that will allow us to continue developing component technologies that deliver market leading performance and emissions,” said Jennifer Rumsey, Cummins president and chief operating officer.
“We expect that this transaction will provide both attractive financial returns and future growth opportunities for our company.”
Cummins plans to maintain JVS’ customer relationships and offer improved value and other benefits to the customers of both companies.
The acquisition also represents another step forward in Cummins’ continued investment in key technologies to advance its path to zero emissions strategy that will reduce greenhouse gas emissions and lower the air quality impacts of its products.
Engine braking and cylinder deactivation technologies will be key components to meeting current and future emissions regulations, and this acquisition would allow Cummins to better integrate valuable components with its emissions-leading medium- and heavy-duty engines.
Founded in 1961, JVS has roughly 600 employees and more than 60 years of experience in engine retarding and valve actuation systems for the commercial vehicle industry. Since then, more than nine million engine brakes have been produced by JVS for commercial vehicles throughout the world. There is also historical linkage between JVS and Cummins. In 1961, JVS introduced the first engine brake, commonly referred to as the “Jake Brake” for commercial vehicles, which was invented by Clessie Cummins, the founder of Cummins Inc.
JVS has two primary manufacturing facilities in Bloomfield, CT (USA) and Suzhou, China, and Cummins expects to invest additional capacity and resources into their operations. JVS’ manufacturing footprint will also help Cummins meet USMCA requirements and further invest in the U.S.
