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TheStreet Open House

Cummins Acquires SCR Doser Assets From Hilite International

Stocks in this article: CMI

Cummins Inc. (NYSE: CMI) announced today that it has completed the acquisition of the emission control assets of Hilite International in Marktheidenfeld, Germany. The Hilite assets are now part of Cummins Emission Solution (CES), positioning the company to serve all major market applications with a Cummins doser.

Cummins Chairman and Chief Executive Officer Tom Linebarger said, "The Hilite acquisition demonstrates how Cummins benefits from macroeconomic trends that support our future growth, such as globalization, increasingly stringent emission standards and energy availability. Adding Hilite's technology and capabilities will help Cummins continue to capitalize on these macroeconomic trends and grow into the future.”

The selective catalytic reduction dosing (SCR dosing) system developed by Hilite will complement existing Cummins aftertreatment technology, which includes controls, sensors, catalysts, substrates and packaging.

“This acquisition puts Cummins in a strong position to meet the needs of current customers and grow into new markets, especially as an increasing number of regions around the world adopt tougher emission standards,” said Srikanth Padmanabhan, Vice President and General Manager of CES. “Our strength is our ability to effectively integrate all of the aftertreatment technology for efficient and clean diesel power.”

As part of the acquisition, 133 former Hilite employees have joined Cummins and the business will continue to operate from the plant at Marktheidenfeld for the foreseeable future.

The market for aftertreatment products is expected to grow as governments around the world adopt tougher emissions regulations. Over the past decade, regulatory agencies in the United States and the European Union have tightened the level of permissible emissions of particulate matter (PM), oxides of nitrogen (NOx), carbon monoxide (CO), and un-burnt hydrocarbons (HC). Mature market on-highway standards are now being implemented in emerging markets like China, India, Brazil and Russia, as well as off-highway markets primarily in the United States, Europe and Japan.

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