Cummins to acquire share of compressed natural gas fuel company
Cummins is announcing plans to acquire a 50 percent equity interest in Momentum Fuel Technologies from Rush Enterprises.
Under the agreement, Cummins will produce branded natural gas fuel delivery systems for the commercial vehicle market in North America. Those will combine Momentum Fuel Technologies’ compressed natural gas fuel delivery systems, Cummins’ powertrains and the engineering and support infrastructure of both companies.
The joint venture will offer aftermarket support through Rush Truck Centers dealerships and Cummins distributors which will be able to service both the engine and the fuel delivery system. Rush Truck Centers has more than 100 dealership locations in 22 states and is the largest network of commercial vehicle dealerships in the United States.
Cummins’ and Rush Enterprises’ networks together represent over 250 locations in the US and Canada and will be equipped with certified technicians and access to a comprehensive vehicle parts inventory.
The proposed transaction is expected to close later this year.