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Cummins Inc. (NYSE: CMI) today announced that it has entered into a definitive agreement to acquire, through a wholly-owned subsidiary, all the issued and outstanding shares of fuel cell systems provider Hydrogenics Corporation (NASDAQ: HYGS: TSX: HYG) for US$15.
Cummins has joined other industry partners to research how hydrogen fuel cells can power commercial vehicle applications, recognizing that this technology is likely to play a role in the broad portfolio of power solutions Cummins will provide to its customers in the future.