Cummins and Mercury Marine to Form Joint Venture
February 14, 2002
Cummins Marine, a division of Cummins Inc., and Mercury Marine, a division of Brunswick Corporation, announced the formation of a 50/50 joint venture to supply integrated diesel propulsion systems to the worldwide recreational and commercial marine markets. The joint venture, Cummins MerCruiser Diesel Marine LLC, will be headquartered in Charleston, S.C.
Under the terms of the agreement, Cummins will supply diesel engines 15 liters and below, including certain electronic displays and other hardware.
Mercury Marine will supply the Mercury 1.7 liter, 2.8 liter, 4.2 liter and 7.3 liter diesel engines, drive units for sterndrive applications and their SmartCraft(R) electronic integration hardware. The joint venture aims to
become the premier worldwide supplier of integrated diesel marine propulsion
units.
Related News
Vessel Hijacking Attempt Reported off the Coast of Yemen
Houthi Leader Vows to Escalate Attacks on Merchant Shipping
Panama and UAE Establish Blue Pass Project
VARD to Build Hybrid Ocean Energy Construction Vessel for Island Offshore
ULA Orders Rocket Transport Ship from Bollinger