Cummins Inc., announced that it has completed its acquisition of Meritor, Inc., a global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets.
If employees at off-highway vehicle driveline components specialist AxleTech are familiar with the term Déjà vu — the feeling of having experienced the present situation before — then that is surely what they are feeling just now. Because AxleTech has just been sold for a second time by global investment firm The Carlyle Group.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.