Tier 1 supplier Cummins has agreed the acquisition of Johnson Matthey’s automotive battery systems business, a subsidiary of Johnson Matthey that specializes in high-voltage automotive grade battery systems for electric and hybrid vehicles.
As part of the agreement the two companies will collaborate on the development of high-energy battery materials for commercial heavy-duty applications. This will allow Cummins to expand its electrification and energy storage capabilities and accelerate developments in electrified power.
“The addition of Johnson Matthey Battery Systems’ technical expertise and customer base in markets that are more rapidly adopting electrification further positions us as a global energy storage supplier,” said Tom Linebarger, CEO at the Tier 1 supplier.
“By combining our electrification capabilities, portfolio of diverse power solutions and global network, Cummins is uniquely positioned to lead in electrification.”
As one of Europe’s largest lithium-ion battery system suppliers, Johnson Matthey has 50 employees and is based in Milton Keynes, UK.
In October 2017, Cummins announced the acquisition of Brammo, and with the addition of Johnson Matthey Battery Systems’ high-voltage battery expertise, the supplier now has capability across a range of energy storage options.