Engine manufacturer Cummins is acquiring the assets of Brammo, a company which designs and develops battery packs for mobile and stationary applications, with Cummins claiming that the addition of Brammo’s battery pack expertise and resources was an important milestone in its efforts to become a global electrified power leader.
Tom Linebarger, chairman and CEO of Cummins, said, “To be a leading provider of electrified power systems just as we are with diesel and natural gas-driven powertrains, we must own key elements and subsystems of the electrification network.
“By adding the expertise of Brammo and its employees to Cummins, we are taking a step forward in our electrification business and differentiating ourselves from our competition.”
Linebarger added, “As always, when markets are ready, Cummins will bring our customers the right power solution at the right time to power their success.”
Operations from this acquisition will be under Cummins’ recently-formed electrification business led by Julie Furber, executive director of electrification at Cummins, and will continue to be based in Talent, Oregon.
Founded in 2002, Brammo was said by Cummins to have made great strides in developing electric energy storage technology for mobile and stationary applications.
Craig Bramscher, chairman and CEO of Brammo, said, “Brammo’s expertise across a broad range of applications uniquely positions us to enhance Cummins’ efforts to be a leader in the electrified power space.
“We see this as a very exciting opportunity to continue changing the way the world moves and stores power.”
Cummins said this acquisition added to its portfolio of solutions and provided an entry point into new markets. In August, Cummins revealed a fully electric heavy duty demonstration urban hauler tractor.
The Brammo acquisition is subject to customary closing conditions and is expected to close by the end of this calendar year.