Global power and technology leader, Cummins Inc. (NYSE: CMI) today announced that it, through its subsidiary Meritor, has completed its acquisition of Siemens’ Commercial Vehicles business, a leading global supplier of high-performance electric drive systems for commercial vehicles. In May 2022, Meritor, Inc. announced it had entered into an agreement to acquire the business for approximately €190 million enterprise value; Cummins subsequently completed its acquisition of Meritor in August 2022.

This article originally authored by Mark Smith, Cummins Vice President, Chief Financial Officer and Mahesh Narang, Vice President, President Components, and posted internally on December 1, 2022 for employees to recognize International Week of People with Disabilities. 

Cummins East Asia Research & Development Center (EA R&D) officially opened its new site in Wuhan Economic and Technological Development Zone, locating in central China. Three times larger than the original site, the new facility covers an area of 78,000 square meters, and hosts a total of 28 test cells, and more than 900 Cummins employees, representing strengthened and expanded capacity and capabilities in engineering towards a carbon zero future. 

Shaura is building a better world. As the Senior Communications Specialist for Global Diversity Equity and Inclusion (DE&I) at Cummins Inc., she is aware that her work has the potential to impact not just her own children, but all children. Embedding diversity, equity and inclusion into our organization and hopefully, throughout the world, doesn't feel like work,” Shaura says. “It’s more of a passion.” 

The global power technology leader, for example, recently saw its ESG Rating from MSCI upgraded from AA a year ago to AAA last month, the highest rating possible. MSCI stands for Morgan Stanley Capital International. The firm is a leading provider of support tools and services for the investment community. MSCI said the upgrade was driven by the presence of new members on the Board of Directors, strong workforce management and health and safety programs, as well as efforts to reduce waste and emissions at plants and facilities.

Jonathan was taught option pricing theory - a complex, probabilistic approach to assigning a value to an options contract - by a complete stranger in a bookstore. “I was in a Barnes & Noble when a man saw me studying and said he had a background in finance,” says Jonathan. “The store wanted to kick him out because of the way he looked. I bought him a cup of coffee, and, simultaneously, I learned about option pricing theory and the importance of not judging people by their looks.”

Cummins Inc. (NYSE:CMI) announced the 2022 recipients of the company’s most prestigious technical award, the Julius Perr Innovation award. Now in its 23rd year, the award recognizes employees who demonstrated excellence in innovation and technology by developing significant intellectual property for our products. This year’s recipients are Cummins employees Richard Ancimer, Krishna Kamasamudram, Ashok Kumar, Guoqiang Li, Tim Proctor, Michael Wilson, and Aleksey Yezerets. Acknowledgement also goes to Neal Currier, Ed Hodzen, and Vivek Sujan.

The Society of Hispanic Professional Engineers (SHPE) is the nation’s largest association dedicated to fostering Hispanic leadership in the STEM field, and Cummins has been a strategic partner of this respected organization since 2007.

The global power leader joined 34 other companies from 19 different countries receiving the honor Dec. 9 in the capital goods sector. The company was also named to the S&P Dow Jones Sustainability North America Index for a 16th consecutive year.

Businesses around the world are experiencing a shortage of technical workers, and since 2012 Cummins has been committed to combatting the challenge by training low-income youth in employable technical skills through the company’s Technical Education in Communities (TEC) program.    Ten years after the program’s launch, Cummins, through its Nigerian subsidiary Cummins West Africa Ltd., has launched the second phase of its TEC training program in Nigeria, furthering Cummins’ impact on education in global communities.