Cummins and Westport Fuel Systems have agreed to a shared purchase agreement for the sale of Westport’s stake in the Cummins Westport Joint Venture, with CMI continuing to operate the business as the sole owner. As previously reported, the Cummins Westport joint venture agreement was terminated effective Dec. 31, 2021.
As part of the agreement, Cummins also will buy Westport’s interest in the JV’s intellectual property, developed by the JV in support of the JV’s spark ignited engines, with proceeds to Westport of $20 million.
Cummins and Westport have also agreed to conduct an initial technical assessment of Westport’s hydrogen high pressure direct injection system for potential use on CMI’s hydrogen applications.
