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Cummins acquires Johnson Matthey’s automotive battery system business

News
Acquisition, divestment & Spinoff

Companies agree to collaborate on development of high-energy battery materials for use in heavy-duty commercial vehicles

Cummins has acquired Johnson Matthey’s automotive battery system business in the United Kingdom, the company said in a press release on 31 January. The divested business, which was a subsidiary of Johnson Matthey, specializes in high-voltage automotive grade battery systems for hybrids and electric vehicles. Johnson Matthey’s automotive battery system business is based in Milton, the United Kingdom and has 50 employees. The acquisition was signed and closed on 31 January.

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