Manufacturing and engineering company Cummins Inc. (CMI) announced on Friday that it is buying Air Liquide's 19 percent stake in Hydrogenics Corporation, a fuel cell and hydrogen production technologies provider.
Cummins had acquired Hydrogenics in 2019 and already owns 81 percent stake. The latest deal will lead to Cummins' full ownership of Hydrogenics, and thus the key fuel cell and electrolyzer technologies.
Hydrogenics will still continue to be one of Air Liquide's suppliers for electrolyzer projects.
On Thursday, shares of Cummins closed at $242 up 1.20% or $2.87 on the New York Stock Exchange.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.