Cummins Inc., a global power leader in the design, manufacture, sale, and service of diesel and natural gas engines, components, and power systems, announced on Tuesday that its filtration business, Atmus Filtration Technologies, has filed a registration statement with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). The company is looking to list its shares on the New York Stock Exchange (NYSE) under the ticker symbol “ATMU”.
Atmus Filtration Technologies is a global leader in the design, manufacture, sale, and service of filtration offerings for on-highway commercial vehicles, as well as equipment and vehicles for various off-highway uses. Steph Disher will remain the leader of the business, which generated $1.56 billion in sales and $170.1 million in net income in 2022.
The company has yet to determine the number of shares to be offered and the pricing for those shares. The registration statement is subject to review by the SEC and the terms of the offering may be subject to change.
Cummins Inc. is a global power leader in the design, manufacture, sale, and service of diesel and natural gas engines, components, and power systems. The company has been in business for more than 100 years and has become one of the world’s leading suppliers of diesel and natural gas engines and power systems. Cummins serves customers in more than 190 countries and territories around the world, and its products are used in a wide range of industries, including agriculture, construction, mining, power generation, transportation, marine, and automotive.
Cummins has a long history of innovation and has made significant investments in research and development over the years. The company has developed a range of advanced technologies, including advanced filtration systems, advanced emissions control technologies, and advanced fuel systems. The company has also developed a range of advanced components and systems, such as advanced turbochargers, advanced fuel systems, and advanced engine control systems.
Atmus Filtration Technologies is a key part of Cummins’ product portfolio and is a leader in the global filtration market. The business has a strong presence in the on-highway commercial vehicle market, as well as in the off-highway market. The company’s filtration offerings are designed to meet the needs of customers in a variety of industries, including agriculture, construction, mining, power generation, transportation, marine, and automotive.
Cummins’ decision to pursue an IPO for Atmus Filtration Technologies is a reflection of the company’s confidence in the business and its prospects for long-term growth. The company believes that the IPO will provide Atmus Filtration Technologies with the capital it needs to expand its product portfolio and increase its presence in the global filtration market. The company also believes that the IPO will provide the business with the resources it needs to pursue new opportunities and expand its customer base.
The IPO of Atmus Filtration Technologies is an exciting development for Cummins and is a reflection of the company’s commitment to innovation and growth. The company is confident that the IPO will provide Atmus Filtration Technologies with the resources it needs to continue to be a leader in the global filtration market and to pursue new opportunities. With the IPO, Cummins is looking to the future and is confident that Atmus Filtration Technologies will continue to be a key part of the company’s success.
