FORVIA AND CUMMINS SUCCESSFULLY COMPLETE DEAL TRANSFERRING FORVIA S COMMERCIAL VEHICLE BUSINESS IN EUROPE AND NORTH AMERICA TO CUMMINS
2023年10月2日 - 3:30PM
FORVIA AND CUMMINS SUCCESSFULLY COMPLETE DEAL TRANSFERRING FORVIA S
COMMERCIAL VEHICLE BUSINESS IN EUROPE AND NORTH AMERICA TO CUMMINS
NANTERRE (FRANCE)OCTOBER 02nd,
2023
FORVIA AND CUMMINS SUCCESSFULLY COMPLETE
DEAL TRANSFERRING PARTS OF FORVIA’S COMMERCIAL VEHICLE BUSINESS IN
EUROPE AND NORTH AMERICA TO CUMMINS
FORVIA confirms the successful completion of the
transaction first announced on 23 May 2023 transferring designated
parts of FORVIA’s commercial vehicle exhaust aftertreatment
business in Europe and in the United States, for a total
transaction value of EUR 199.2 million, to its longstanding partner
Cummins.
As part of this transaction, Cummins acquired
two plants located in Roermond (Netherlands) and Columbus South
(Indiana, USA) as well as their related programs. By integrating
this business into its operations, Cummins expands its capabilities
in providing innovative solutions for the commercial vehicle
industry.
The decision to transfer this business to
Cummins is part of FORVIA’s strategy to focus on ultra-low emission
solutions for light vehicles, where it is a leader in the market,
and its hydrogen roadmap to bring a comprehensive portfolio of
hydrogen storage solutions to market.
The closing of this transaction is the final
step in the execution of the €1 billion asset disposal program that
FORVIA announced in Q2 2022, which goal was to accelerate the
deleveraging of the Group after the acquisition of a majority stake
in HELLA.
- PR_EN_FORVIA AND CUMMINS SUCCESSFULLY COMPLETE DEAL
TRANSFERRING FORVIA S COMMERCIAL VEHICLE BUSINESS IN EUROPE AND
NORTH AMERICA TO CUMMINS LAST
Forvia (EU:FRVIA)
過去 株価チャート
から 4 2024 まで 5 2024
Forvia (EU:FRVIA)
過去 株価チャート
から 5 2023 まで 5 2024