Cummins to acquire 50% stake in Rush Enterprises’ CNG fuel systems division
By Bradley Osborne - 2nd August 2021
USA – Columbus, Indiana-based drivetrains specialist, Cummins Inc, has signed a Letter of Intent with truck retail enterprise company, Rush Enterprises Inc of New Braunfels, Texas to acquire a 50% equity interest in its on-board CNG fuel storage and delivery systems division, Momentum Fuel Technologies1, which is headquartered in the Dallas-Fort Worth Metroplex, Texas. The transaction is expected to conclude later this year.
This deal represents a joint venture between Cummins and Rush to produce Cummins-branded natural gas fuel delivery systems for the CV market in North America. In addition, aftermarket support is to be offered through Rush Truck Centers and Cummins distributors, comprising a network of over 250 locations across the U.S. and Canada.
