Cummins Acquires First Mode's Assets Including Hybrid Mining, Rail Product Lines-February 2024-www.financetom.com

Cummins Acquires First Mode's Assets Including Hybrid Mining, Rail Product Lines

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Cummins Acquires First Mode's Assets Including Hybrid Mining, Rail Product Lines

Feb 11, 2025 7:43 AM

10:26 AM EST, 02/11/2025 (MT Newswires) -- Cummins (CMI) said Tuesday that it acquired assets of First Mode including hybrid mining and rail product lines as well as the company's full intellectual property portfolio.

The transaction also includes the acquisition of First Mode's commercial portfolio, manufacturing and technical teams in Australia, the US and Chile, according to Cummins.

Financial terms were not disclosed.

Price: 370.61, Change: -3.29, Percent Change: -0.88

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