Cummins to Purchase Remaining Shares in the Former Cummins Westport Joint Venture from Westport Fuel Systems

COLUMBUS, Ind. & VANCOUVER, British Columbia–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) and Westport Fuel Systems Inc. (“Westport”) (TSX:WPRT | Nasdaq:WPRT) have agreed to a share purchase agreement for the sale of Westport’s stake in the Cummins Westport Joint Venture (“JV”) with CMI continuing to operate the business as the sole owner. As previously reported, the Cummins Westport Inc. joint venture agreement terminated effective December 31, 2021. As part of the agreement, Cummins also will b
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