How many acquisitions has Cummins made so far?

Cummins has completed 7 acquisitions so far, with an average acquisition amount of $2B.

Which countries does Cummins usually acquire in?

Cummins has made acquisitions in 4 countries with the most activity in United States and United Kingdom.

Which sectors does Cummins target for acquisitions?

Most of Cummins's acquisitions are in Auto Components (3) and Electric Vehicles (2).

In which year did Cummins make the most acquisitions?

Cummins was most active in 2022, with 2 acquisitions completed in that year.

List of 7 Acquisitions by Cummins (Apr 2026)

Q: Which is Cummins' latest acquisition?

Cummins's most recent acquisition is First Mode, a Developer of hybrid retrofit kits for mining operations. These kits reduce diesel emissions without requiring additional infrastructure. The company focuses on decarbonization solutions for the industrial sector, enabling a more profitable and sustainable future. Its offerings include engineering, research and development, and manufacturing capabilities to address the complex needs of its partners. The technology is designed for immediate and long-term impact, accelerating the transition to clean energy., acquired in February 2025.

Cummins has made 7 acquisitions. Peak acquisition activity included 2 acquisitions in 2022, and 1 acquisition each in 2025 and 2020. The acquisitions have spanned 4 countries: United States (4), United Kingdom (1), and Canada (1). These acquisitions have covered 4 sectors, notably Auto Components (3), Electric Vehicles (2), and Air Management Services (1). Over the last five years (2020-2025), the average number of acquisitions per year is 0.6. There have been 0 acquisitions completed in the current calendar year so far. The most recent acquisition was First Mode, acquired in February 2025. Located in London, First Mode develops hybrid retrofit kits for mining operations that reduce diesel emissions without requiring additional infrastructure. The company focuses on decarbonization solutions for the industrial sector, offering engineering, research and development, and manufacturing capabilities to address the complex needs of its partners. Its technology is designed for immediate and long-term impact, accelerating the transition to clean energy to enable a more profitable and sustainable future.

Here's the year on year acquisition history of Cummins:

Number of Total Acquisitions

Year	# Acquisitions
2025	1
2022	2
2020	1
2019	1
2018	1
2017	1

View all Acquisitions by Cummins

Recent acquisitions by Cummins

Cummins's most recent acquisition - First Mode is a Developer of hybrid retrofit kits for mining operations. These kits reduce diesel emissions without requiring additional infrastructure. The company focuses on decarbonization solutions for the industrial sector, enabling a more profitable and sustainable future. Its offerings include engineering, research and development, and manufacturing capabilities to address the complex needs of its partners. The technology is designed for immediate and long-term impact, accelerating the transition to clean energy. and located in London. Cummins acquired it in February 2025 for a price of $*****.

Here is the list of all acquisitions by Cummins sorted by the latest acquisition date:

Acquired on	Acquired Company	Acquisition Price	Facilitators	Stake Acquired	Acquisition Multiple
Feb 11, 2025	First Mode	{wiz	mjrs	48	346
Feb 22, 2022	Meritor	tdmf	klkq	25	694
Feb 09, 2022	Jacobs Vehicle Systems	li{q	kpus	74	979
Sep 04, 2020	NPROXX	coyw	posx	71	818
Jun 28, 2019	Hydrogenics	whcq	rzhp	95	517