Source - SMW
Johnson Matthey confirmed that Cummins had acquired its UK automotive battery systems business, for an undisclosed sum.

The business specialises in high-voltage automotive grade battery systems for electric and hybrid vehicles.

As part of the acquisition, Cummins and Johnson Matthey also agreed to collaborate on the development of high-energy battery materials for commercial heavy duty-applications. 

At 1:17pm: (LON:JMAT) Johnson Matthey PLC share price was +62.5p at 3370.5p