WABCO Expands Compressor Deal With Cummins
By pdamon28 April 2016
WABCO Holdings Inc. announced it has entered into a new long-term agreement with Cummins Inc. to manufacture and supply high-performance air-compressor technology globally. The deal expands the scope of WABCO’s existing U.S.-based joint venture with Cummins, a global manufacturer and distributor of diesel engines and related technologies for commercial vehicles. No financial details were provided.
Located in Charleston, S.C., WABCO Compressor Manufacturing is majority-owned by WABCO in partnership with Cummins since 1998. WABCO now becomes the exclusive supplier to Cummins in North America for air compressors applied in trucks, buses and industrial equipment. The new agreement also significantly expands the volume and variety of demand for WABCO’s air-compression technologies at Cummins facilities in South America, Europe and India, with incremental opportunities for further growth in Asia.
“Alongside making further use of WABCO’s world-class engineering capabilities in the Americas and Europe, Cummins also increases access to WABCO’s current and next-generation air-management technologies,” said Jon Morrison, WABCO president, Americas. “This contract reaffirms how successfully WABCO’s differentiated engineering, technical and manufacturing support connects with Cummins’ business needs globally.”