Cummins and Rush Enterprises to split control of Momentum Fuel Technologies

Cummins Inc., a power solutions manufacturer based in Columbus, Indiana, and Rush Enterprises, a solutions provider to the commercial vehicle industry in New Braunfels, Texas, has announced an agreement for Cummins to acquire a 50 percent equity interest in Momentum Fuel Technologies from Rush Enterprises.

According to a news release from Cummins, the proposed transaction is expected to close later this year, subject to completion of customary preclosing activities and approving mutually agreeable transaction documentation. The joint venture between Rush Enterprises and Cummins will produce natural gas fuel delivery systems for the commercial vehicle market in North America. The systems provide the strengths of Momentum Fuel Technologies’ compressed natural gas (CNG) fuel delivery systems, Cummins’ powertrain expertise and support infrastructure of both companies. 

“This collaboration shows Cummins’ continued commitment to natural gas powertrains,” says Srikanth Padmanabhan, president of the Engine Business segment at Cummins. “This partnership will improve customer service for both CNG and [renewable natural gas or RNG] through an improved support network. We are thrilled to expand our network of clean and reliable power solutions.” 

The joint venture will offer aftermarket support through Rush Truck Centers dealerships and Cummins distributors, which can serve both the engine and the fuel delivery system. The partnership between Cummins and Rush Enterprises will benefit customers by providing them with access to extensive CNG vehicle parts and service network. Both Cummins’ and Rush Enterprises’ respective networks, representing more than 250 locations in the U.S. and Canada, will be equipped with certified technicians and a comprehensive CNG vehicle parts inventory.

“The immediate environmental benefits of CNG and RNG, combined with upcoming regulatory requirements, will drive growth in natural gas vehicles for the foreseeable future,” says W.M. Rush, chairman, CEO and president of Rush Enterprises Inc. “This partnership will enable Rush Enterprises to continue to provide unparalleled support to our customers through our mutual, wide-ranging portfolio of Cummins’ and RushCare aftermarket solutions and keep trucks up and running across the country.”