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Cummins Inc. completes acquisition of First Mode assets to lead decarbonization in mining

PUBLIC · CMIFeb 11, 2025

Acquiring Company

Cummins

Acquired Company

First Mode

ColumbusManufacturingEnergyOil And GasRenewable Energy

Description

Cummins Inc. (NYSE: CMI) has announced the acquisition of assets of First Mode, a leader in retrofit hybrid solutions for mining and rail operations. This acquisition strengthens Cummins' commitment to providing innovative decarbonization solutions and elevates its product portfolio to meet the needs of customers transitioning to a lower-carbon future.

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Company Information

Company

Cummins

Location

Columbus, Indiana, United States

About

Cummins Inc., a global power solutions leader, comprises five business segments - Engine, Components, Distribution, Power Systems and Accelera by Cummins - supported by its global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company's commitment to sustainability and helping its customers successfully navigate the energy transition with its broad portfolio of products. The products range from advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components including aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, electrified power systems with innovative components and subsystems, including battery, fuel cell and electric power technologies and hydrogen production technologies.

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Frequently asked

Who acquired First Mode?

First Mode was acquired by Cummins, based in Columbus. The deal was reported on February 11, 2025. Cummins is publicly traded (CMI) and operates in Manufacturing.

When did Cummins acquire First Mode?

Cummins's acquisition of First Mode was reported on February 11, 2025. Cummins Inc. (NYSE: CMI) has announced the acquisition of assets of First Mode, a leader in retrofit hybrid solutions for mining and rail operations. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does First Mode do?

First Mode develops and manufactures decarbonization solutions for heavy industry partners dedicated to the clean energy future. It is privately held, operating in Energy.

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