Cummins Inc. and Rush Enterprises have announced that they have signed a letter of intent for Cummins to acquire a 50 percent equity interest in Momentum Fuel Technologies from Rush Enterprises.
The proposed transaction is expected to close later this year. The joint venture will produce Cummins-branded natural gas fuel delivery systems for the commercial vehicle market in North America, combining the strengths of Momentum Fuel Technologies’ compressed natural gas (CNG) fuel delivery systems, Cummins’ powertrain expertise, and the engineering and support infrastructure of both companies.
“This collaboration shows Cummins’ continued commitment to natural gas powertrains,” said Srikanth Padmanabhan, president of the engine business at Cummins. “This partnership will improve customers’ service for both CNG and RNG through an improved support network. We are thrilled to expand our network of clean and reliable power solutions.”
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. Together, the two networks represent more than 250 locations in the U.S. and Canada.
