Cummins to acquire emission control products of Hilite International

Cummins Inc. announced that it has signed an agreement for the acquisition of assets that are associated with the emissions control products of Hilite International. Cummins did not disclose the purchase price, but the company expects to close the agreement by the third quarter of this year. Hilite is a portfolio company of 3i based in Marktheidenfeld, Germany. “Hilite’s technology complements our internal development efforts and the combined product portfolio will significantly enhance our overall after-treatment components growth strategy,” said Srikanth Padmanabhan, vice president and general manager of Cummins Emission Solutions (CES). “Furthermore, Hilite’s strong European presence and their experienced team of engineers will be valuable to Cummins.” (May 2, 2012)