Cummins (CMI) Acquires First Mode Assets
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Cummins Acquires First Mode Assets for Decarbonization Leadership in Mining
February 11, 2025 10:00 AM ESTCOLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI) today announced the acquisition of assets of First Mode, a leader in retrofit hybrid solutions for mining and rail operations. The acquisition includes hybrid mining and rail product lines, and the full IP portfolio which includes hydrogen and battery powertrain solutions. This technology represents the first commercially available retrofit hybrid system for mining equipment, significantly reducing total cost of ownership (TCO) while advancing decarbonization in operations.
In addition, Cummins is acquiring First Modes commercial portfolio, manufacturing and technical teams in Australia,... More
