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Cummins to Acquire 50% of Momentum Fuel Technologies

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Engine maker Cummins Inc. announced it signed a letter of intent to acquire a 50% equity interest in Momentum Fuel Technologies, a provider of compressed natural gas fuel systems, from truck dealership Rush Enterprises Inc.

The proposed transaction is expected to close later this year. Financial details were not immediately available.

Cummins exhibitJohn Sommers II for Transport Topics

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