Industry Update: Construction Machinery & Equipment
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Construction Machinery & Equipment industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
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
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