Cummins and Eaton power up
A new 50/50 joint venture between Cummins and Eaton – Eaton Cummins Automated Transmission Technologies – is allowing the two parties to expand their partnership in vehicle powertrains.
Since 2013, Cummins and Eaton have partnered in the development of a range of SmartAdvantage powertrain systems for heavy-duty trucks, which combine Cummins diesel engines with Eaton transmissions.
The aim of the global joint venture is to provide customers with transmission technologies and solutions that deliver best-in-class fuel efficiency, performance and uptime, while leveraging the global service and support networks of both companies.
The joint venture will design, assemble, sell and support all future medium- and heavy-duty automated transmissions for the commercial-vehicle market.
The Procision and next-generation, heavy-duty automated transmissions will be part of the joint venture. In addition, it will market and support Eaton’s current generation of automated heavy-duty transmissions to original equipment manufacturers in North America.
The new joint venture is subject to regulatory approvals and customary closing conditions. The parties expect the transaction to close in the third quarter.
Eaton’s Vehicle Group will retain its global manual-transmission and clutch business, as well as its current-generation, medium- and heavy-duty automated-transmission business outside of North America. It will also retain its global aftermarket light-duty transmission, agricultural transmission and automotive business as well as its associated product lines.