ABB Ltd.’s electric-vehicle charging business has raised funds from minority investors that value the company at about 2.5 billion Swiss francs ($2.6 billion). The division, ABB E-mobility, sold new shares for about 200 million francs to equity fund Interogo Holding AG, family office moyreal holding AG and ABB E-mobility Chairman Michael Halbherr, according to a […]
Engine maker Cummins to buy Meritor for $2.6 billion in electric parts push – EQ Mag Pro
U.S. truck engine maker Cummins Inc (CMI.N) said on Tuesday it will buy auto parts maker Meritor Inc (MTOR.N) for $2.58 billion in cash, to beef up its electric and hybrid vehicle parts offerings amid a boom in demand for climate-friendly transport. The demand for electric vehicles has pushed automakers to unveil billion dollar plans […]
