Page 32 - Newcom

Equipment
Eaton and Cummins launch transmission joint venture
Partnership expands on collaborative approach to powertrain integration
ByJamesMenzies
GALESBURG, MICHIGAN
Shared corporate values and a his- tory of working together brought Eaton and Cummins together, under a new joint venture that will produce automated transmissions for global markets.
The partnership, Eaton Cummins Automated Transmission Technol- ogies, was announced Apr. 10. On a conference call later that day, Ken Davis, president of Eaton’s vehicle group, said the 50-50 joint venture will include the design, develop- ment, and sales of medium- and heavy-duty automated commer- cial vehicle transmissions, begin- ning in North America and then expanding across the world. Exist- ing product, including the Eaton Procision and UltraShift Plus transmissions, will be covered under the JV but will retain their current branding.
Future products, some of which will be launched later this year, will be marketed under the Eaton Cummins Automated Transmis- sion Technologies brand. Eaton and Cummins for several years have worked closely together in bringing to market the SmartAdvantage line of integrated powertrains, combin- ing Eaton automated transmissions with Cummins engines.
“We are two strong compa- nies with very similar values and a shared commitment to our cus- tomers’ success in the commercial vehicle market,” said Ed Pence, head of Cummins’ high horsepower busi- ness. “We will create an unmatched and fully integrated global support network for our customers by lever-
agingandcombiningthestrengths of both companies’ respective ser- vicenetworks.”
The deal was first discussed in September 2015, when Cummins chairman and CEO Tom Line- barger identified key areas for crit- icalgrowth.
“We have been talking continu- ously since 2015 on ways we could take the SmartAdvantage concept to the next level, if you will, and this opportunity emerged through those discussions,” said Pence.
Davis characterized the partner- ship as “an extension” of the collabo- ration that already existed between the two companies.
“We think this fits very nicely with
our core strategy of offering compre- hensive system solutions to our global OEM and jointventurepart- ners,” said Pence.
The JV will be
based out of Eaton’s
Galesburg, Mich.
campus and transmis-
sion production will con-
tinue at existing Eaton plants.
The joint venture still requires reg- ulatory approvals and is expected to close in the third quarter of this year, around the time the first new product developed under the JV will be launched. TN
Eaton and Cummins have expanded their collaboration through a launch of a new joint venture.
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