COLUMBUS, Ind. — Cummins Inc. announced today that it has entered into an agreement to purchase a company that develops and manufactures fuel cell modules and hydrogen generation equipment.
Columbus-based Cummins, a global diesel engine maker and power systems manufacturer is continuing its foray into alternative power systems with the purchase of Hydrogenics Corporation.
Cummins has agreed to purchase, through a wholly-owned subsidiary, all the issued and outstanding shares of Hydrogenics for $15 per share in cash, representing a value of about $290 million, Cummins said.
Please read Saturday’s edition of The Republic for more details.
