Tier 1 supplier Cummins has agreed to acquire the assets of battery pack developer Brammo. As the American company steps up efforts to become a global electrified power leader, adding battery pack expertise and resources provides an entry point into the growing EV market.
“To be a leading provider of electrified power systems just as we are with diesel and natural gas driven powertrains, we must own key elements and subsystems of the electrification network,” said Tom Linebarger, CEO at Cummins.
“By adding the expertise of Brammo and its employees to Cummins, we are taking a step forward in our electrification business and differentiating ourselves from our competition. As always, when markets are ready, Cummins will bring our customers the right power solution at the right time to power their success.”
Led by executive director of electrification Julie Furber, operations from the acquisition will report under the Tier 1 supplier’s recently formed Electrification Business and will continue to be based in Talent, Oregon.
“Brammo’s expertise across a broad range of applications uniquely positions us to enhance Cummins’ efforts to be a leader in the electrified power space,” said Craig Bramscher, CEO at Brammo. “We see this as a very exciting opportunity to continue changing the way the world moves and stores power.”