As per the organizations, the joint wander will be named Eaton Cummins Automated Transmission Technologies. Both Cummins and Eaton will claim half of the new joint wander.
“Clients are centered around powertrain arrangements that give the best blend of innovation, execution and quality,” said Craig Arnold, Eaton director and CEO. “Our joint wander with Cummins will use the specialized qualities and experience of two industry pioneers with long histories and profound industry aptitude to give better robotized transmission innovation than our worldwide clients.”
Power management company Eaton (ETN) and global power leader Cummins Inc. (CMI) today announced an agreement to form a joint venture for automated transmissions for heavy-duty and medium-duty commercial vehicles. The joint venture will be named Eaton Cummins Automated Transmission Technologies.
“Our growth strategy includes expanding our product offerings and extending our global footprint by becoming the world’s leading powertrain supplier,” added Tom Linebarger, chairman and CEO, Cummins Inc. “Our JV with Eaton will deliver the most advanced automated transmissions and develop an integrated powertrain and service network that supports our customers like never before. Just as we’ve done for the past 100 years, we will use our experience in partnerships and technological expertise to ensure our customers’ success.”
The joint venture will design, assemble, sell and support all future medium-duty and heavy-duty automated transmissions for the commercial vehicle market.