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Cummins closes on acquisition of Siemens’ commercial vehicles business
On November 30, Cummins Inc. completed the acquisition of Siemens’ Commercial Vehicles business, through its subsidiary Meritor, Inc. (Meritor). In May 2022, Meritor agreed to acquire the business for approximately EUR 190 million enterprise value; Cummins subsequently completed its acquisition of Meritor in August 2....
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