On the Record · Cummins
Cummins acquisitions, on the record
The businesses Cummins bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Meritor, Inc.Word for word“On August 3, 2022, we completed the acquisition of Meritor with a purchase price of $2.9 billion (including debt repaid concurrent with the acquisition).” 10-K for 2023 | acquisition | On August 3, 2022 | $2.9 billion (including debt repaid concurrent with the acquisition) |
Faurecia's U.S. and Europe commercial vehicle exhaust business from the Forvia GroupWord for word“On October 2, 2023, we purchased all of the equity ownership of Faurecia's U.S. and Europe commercial vehicle exhaust business from the Forvia Group for $210 million, subject to final working capital and other adjustments.” 10-K for 2023 | acquisition | October 2, 2023 | $210 million |
Hydrogenics Corporation (Hydrogenics)Word for word“Cummins France SA 10/31/23 100% $ 25 $ 5 $ 30 Faurecia 10/02/23 100% 210 — 210 (1) Hydrogenics Corporation (Hydrogenics) 06/29/23 19% 287 48 335 (2) Teksid Hierro de Mexico, S.A. de C.V. (Teksid MX) 04/03/23 100% 143 — 143 (3) (1) Total purchase consideration included $30 million for the settlement of accounts payable that were treated as an operating cash outflow.” 10-K for 2023 | acquisition | 06/29/23 | — |
Teksid Hierro de Mexico, S.A. de C.V. (Teksid MX) and Teksid, Inc. from Stellantis N.V.Word for word“(Teksid MX) and Teksid, Inc. from Stellantis N.V. for approximately $143 million, subject to certain adjustments set forth in the agreement.” 10-K for 2023 | acquisition | — | approximately $143 million |
Atmus Filtration Technologies Inc. (Atmus)Word for word“On March 18, 2024, we completed the divestiture of our remaining 80.5 percent ownership of Atmus Filtration Technologies Inc. (Atmus) common stock through a tax-free split-off.” 10-K for 2024 | divestiture | On March 18, 2024 | — |
Atmus Filtration Technologies Inc.Word for word“On March 18, 2024, we completed the divestiture of our remaining 80.5 percent ownership of Atmus Filtration Technologies Inc. (Atmus) common stock through a tax-free split-off.” 10-K for 2025 | divestiture | March 18, 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $94 million | $4 million |
| 2017-12-31 | $662 million | $591 million |
| 2018-12-31 | $70 million | $49 million |
| 2019-12-31 | $237 million | $161 million |
| 2020-12-31 | $0 | — |
| 2021-12-31 | $0 | $2 million |
| 2022-12-31 | $3.19 billion | $1.07 billion |
| 2023-12-31 | $292 million | $144 million |
| 2024-12-31 | $58 million | $35 million |
| 2025-12-31 | $12 million | $9 million |
Deal filings since 2016
- 2025-06-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-06-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-10-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-08-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-07-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-02-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-08-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-08-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-09-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Cummins’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-10. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.