Cummins To Take Full Control Of Former JV With Westport
Cummins Inc. (NYSE:CMI) has agreed to acquire the remaining stake in the former Cummins Westport Joint Venture from Westport Fuel Systems Inc. (NASDAQ:WPRT). Financial terms were not disclosed. CMI will operate the business as the sole owner. The Cummins Westport Inc. joint venture agreement terminated effective December 31, 2021. Cummins will also buy Westport’s interest…
Benzinga ·