Industry Update: Construction Machinery & Equipment

Industry Highlights

  • On April 14, 2022, Cummins Inc. announced that it closed on its acquisition of Jacobs Vehicle Systems from Altra Industrial Motion Corp. for approximately $325 million. Jacobs Vehicle Systems is a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies.
  • On February 25, 2022, Cummins Inc. and Meritor, Inc. announced that they entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Cummins will pay $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion.

Past Industry Updates

Construction Machinery & Equipment: February 2022

Construction Machinery & Equipment: October 2021

Construction Machinery & Equipment: April 2021

Construction Machinery & Equipment: January 2021

Construction Machinery & Equipment: October 2020

Construction Machinery & Equipment: July 2020

Construction Machinery & Equipment: May 2020

Construction Machinery & Equipment: December 2019

Construction Machinery & Equipment: October 2019

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