Cummins Strengthens Its European Presence with the Acquisition
Cummins Inc. (NYSE: CMI) today announced that the company completed the acquisition of Cummins France, one of the last major independent Cummins distributors in Europe. This strategic move represents a significant milestone for Cummins in Europe and underlines its commitment to providing superior services and innovation in the European market. The acquisition will allow Cummins to leverage its vast experience, resources, and industry knowledge to further enhance its presence in the region.
Cummins NV, a company of the Cummins Inc. group, (“Cummins”) and SAS Cumfin have closed an agreement under which Cummins has acquired 100% of the shares of Cummins France SA. The acquisition of Cummins France S.A. includes the interests held in their subsidiary Cummins Energie Algerie in Algeria.
We remain dedicated to delivering unparalleled customer service
Ann-Kristin deVerdier, Executive Managing Director for Cummins’ Europe Distribution Business expressed her enthusiasm about the agreement, stating, “We are very excited about the acquisition of Cummins France. It provides continuity and secures the long-term future of the local business whilst strengthening our presence in Europe through one Cummins organisation. It supports our position as a global power leader, ensures strategic alignment and allows us to take advantage of growth opportunities across the region.
We continue to drive excellence, innovation and lead the industry towards a sustainable future. I would like to take this opportunity to thank Rainer for his dedication over a long time in building Cummins France into the strong organisation it is today, with customer satisfaction at the heart of its business. We remain dedicated to delivering unparalleled customer service and will ensure continuity of excellent support for clients throughout France and Algeria, and across European.”
The acquisition is part of Cummins’ strategic global approach to direct ownership of the distribution channel
Cummins Vice-President off Highway, Engine Business & Europe ABO Leader, Antonio Leitao, and by Cumfin and Cummins France Owner and CEO, Rainer Wissmanns, who has led the Cummins France organisation for many years, since it was founded in 1996, closed the transaction on 31st October 2023. During this time, the Cummins France organisation has grown from a small local distributor of the global Cummins organisation, to become a thriving company supporting customers across the country, establishing offices in Lyon and Nantes, building a strong dealer network, together with its subsidiary business in Algeria.
Under the agreement, Cummins France becomes part of Cummins’ European Distribution Business, and will continue to operate under the Cummins brand, preserving the strong relationships the company has built over many years, ensuring a seamless transition for customers, suppliers, and partners. The acquisition is part of Cummins’ strategic global approach to direct ownership of the distribution channel and enables the company to further strengthen its business across the region whilst remaining committed to delivering excellence in customer service.