Cummins Inc. and Meritor, Inc. announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the
Atlas Copco has agreed to sell its Road Construction Equipment division to French industrial and construction company Fayat Group. The reason for the decision to divest the business is that the division does not have the economies of scale to
IHI Corporation (IHI) announced that it has agreed to transfer all the shares in its wholly‐owned IHI Construction Machinery Limited to Kato Works Co., Ltd. The decision is in keeping with IHI Group Management Policies 2016, which adopted a new
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