Cummins Inc.
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Cummins Inc. - overview
Established
1919
Location
-, IN, US
Primary Industry
Power & Utilities
About
Cummins Inc. is a US-based company specializing in power technologies, providing innovative engines and power systems to various industries, including transportation, construction, and marine applications. Founded in 1919, Cummins Inc. operates as a global power solutions provider.
The company was established by Phiwani Khaka and has undergone significant growth since its inception. Its headquarters is located in Columbus, Indiana, USA. In June 2000, Ethos Private Equity exited its investment in Cummins Inc. Cummins Inc.
specializes in a diverse range of power solutions, including diesel, natural gas, and alternative fuel engines designed for industries such as transportation, agriculture, and construction. The company also offers integrated power systems and a line of zero-emission solutions under its Accelera brand, alongside various components like automated transmissions and emission solutions. Cummins serves a global customer base including OEMs and end-users, with products available across North America, Europe, Asia, and Latin America. In the year 2024, Cummins Inc.
reported a revenue of USD 34. 10 bn and an EBITDA of USD 4. 82 bn. The company's financial model is primarily based on B2B transactions, direct sales to OEMs, and service contracts that ensure optimal performance of their products throughout their lifecycle.
Cummins Inc. is focused on expanding its product offerings, particularly in the area of zero-emission solutions with plans to launch new products in the coming years. The company aims to penetrate new markets in Europe and Asia by 2025. The growth strategy will be supported by the funds raised prior to June 2000, which will facilitate the development of innovative technologies and enhance market presence.
Primary Industry
Power & Utilities
Sub Industries
Oil & Gas Equipment and Services, Natural Gas Utilities, Power Generation Equipment & Services
Website
www.cummins.com/
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Cummins Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Platform Science, Inc. | - | ||||||||
| Trade Sale | Completed | Hilite International Inc. | - | ||||||||
| N/A | Completed | World Trade Center® Charleston | - | ||||||||
| Unspecified Exit | Completed | Cummins Inc. | - | ||||||||
| Buyout | Completed | Cummins Inc. | - |
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