Cummins has announced its acquisition of battery pack developer Brammo.
While they will continue to be based in Talent, Oregon, Brammo’s assets will be incorporated into Cummins’ recently formed electrification business arm, led by Julie Furber, executive director of electrification at Cummins.
“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, Cummins chairman and CEO.
“By adding the expertise of Brammo and its employees, we are taking a step forward in our electrification business and differentiating ourselves from the competition. As always, when markets are ready, Cummins will bring its customers the right power solution at the right time to power their success.”
Founded in 2002, and at the forefront of advancing electric energy storage technology, Brammo develops battery packs for both mobile and stationary applications.
Chairman and CEO Craig Bramscher said of his company’s acquisition, “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.
“We see this as a very exciting opportunity to continue changing the way the world moves and stores power.”
The acquisition is subject to customary closing conditions but is expected to be finalized by the end of 2017.