Bär & Karrer Advised Cummins on its Joint Venture with Eaton
The global power leader Cummins Inc. announced that it successfully completed the formation of a joint venture with the power management company Eaton, concerning the design, manufacture, sale and support of automated transmissions for heavy-duty and medium-duty commercial vehicles (named Eaton Cummins Automated Transmission Technologies). As part of the transaction, the Swiss company Eaton Cummins Automated Transmission Technologies Sàrl was formed earlier this year and Cummins acquired a 50% participation on 31 July 2017.
Bär & Karrer acted as Swiss legal adviser to Cummins in this transaction. The team included Roland Truffer, Thomas U. Reutter, Daniel Heiniger and Annette Weber (all Corporate) as well as Daniel Lehmann (Tax) and Laura Widmer (Employment). Foley & Lardner LLP acted as lead counsel.