In France, Cummins invested in direct control of the sales and service network. The company announced the acquisition of Cummins France, one of the last major independent Cummins distributors in Europe. This strategic move represents a significant milestone for Cummins in Europe and underlines its commitment to providing superior services and innovation in the European market.
Cummins to complete the acquisition of Cummins France
Cummins NV and SAS Cumfin have closed an agreement under which Cummins has acquired 100% of the shares of Cummins France SA. The acquisition of Cummins France S.A. includes the interests held in their subsidiary Cummins Energie Algerie in Algeria. Ann-Kristin deVerdier, Executive Managing Director for Cummins’ Europe Distribution Business expressed her enthusiasm about the agreement, stating, “We are very excited about the acquisition of Cummins France. It provides continuity and secures the long-term future of the local business whilst strengthening our presence in Europe through one Cummins organisation. It supports our position as a global power leader, ensures strategic alignment and allows us to take advantage of growth opportunities across the region. We continue to drive excellence, innovation and lead the industry towards a sustainable future. I would like to take this opportunity to thank Rainer for his dedication over a long time in building Cummins France into the strong organisation it is today, with customer satisfaction at the heart of its business. We remain dedicated to delivering unparalleled customer service and will ensure continuity of excellent support for clients throughout France and Algeria, and across Europe.”
The transaction was closed on 31st October 2023 by Cummins Vice-President Off Highway, Engine Business & Europe ABO Leader, Antonio Leitao, and by Cumfin Owner and CEO, Rainer Wissmanns, who has led the Cummins France organisation for many years, since it was founded in 1996. During this time, the Cummins organisation in the Hexagon has grown from a small local distributor of the globalorganisation, to become a thriving company supporting customers across the country, establishing offices in Lyon and Nantes, building a strong dealer network, together with its subsidiary business in Algeria.
Some details about this cooperation
Under the agreement, Cummins France becomes part of Cummins’ European Distribution Business, and will continue to operate under the Cummins brand, preserving the strong relationships the company has built over many years, ensuring a seamless transition for customers, suppliers, and partners. The acquisition is part of Cummins’ strategic global approach to direct ownership of the distribution channel and enables the company to further strengthen its business across the region whilst remaining committed to delivering excellence in customer service. The organization will support innovation and sustainability as Cummins drives towards the development of environmentally responsible technologies that address the growing need for cleaner energy solutions. As part of the transition, the company is pleased to announce Catherine Sannier as Country Leader for Cummins France, who will focus her immediate efforts on ensuring the business operates smoothly during the transition process.