08:44 AM EDT, 03/11/2025 (MT Newswires) -- Cummins (CMI) shares were edging higher premarket Tuesday after the company said it acquired assets of First Mode, including hybrid mining and rail product lines, intellectual property, and technical teams in Australia, the US, and Chile.

Financial terms were not provided.

The company said the deal gives it control of First Mode's hybrid powertrain systems, including hydrogen and battery technology, which are designed to retrofit mining and rail equipment.

First Mode will continue operations during the transition and plans to ship products in Q1, Cummins said, adding that the acquired business will operate as part of Cummins' Power Systems segment.