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 (Aug 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 a total of 7 acquisitions. It has expanded operations across 4 countries, including United States, United Kingdom, and Canada, and operates within 4 sectors: Auto Components, Electric Vehicles, and Air Management Services. Peak activity occurred in 2022 with 2 acquisitions, followed by 1 acquisition in each of 2025 and 2020. The average number of acquisitions per year from 2020–2025 is 0.6, with 0 acquisitions completed this year. In February 2025, it acquired First Mode. Based in London, this business develops hybrid retrofit kits for mining operations, focusing on reducing diesel emissions and providing decarbonization solutions. The firm offers engineering, research and development, and manufacturing capabilities to support the transition to clean energy.

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	vsti	lcxd	40	293
Feb 22, 2022	Meritor	pusf	dhbj	48	595
Feb 09, 2022	Jacobs Vehicle Systems	hjzu	nsum	81	144
Sep 04, 2020	NPROXX	{idv	ypkr	65	524
Jun 28, 2019	Hydrogenics	rneb	jthn	78	808