Deal Details

Atmus Completes $316.7 Million Initial Public Offering

Industrial

Atmus initial public offering

Summary

Atmus Filtration Technologies Inc. (“Atmus” or the “Company”) (NYSE: ATMU), the Filtration business unit of Cummins Inc. (“Cummins”) (NYSE: CMI), recently completed an initial public offering (IPO) of its common stock (the “Offering”) owned by Cummins. The aggregate size of the Offering was 16,243,070 shares of common stock, including 2,118,661 shares of common stock sold pursuant to full exercise of the underwriters’ option to purchase additional shares from Cummins, at a price to the public of $19.50. Atmus did not receive any proceeds from the Offering.

Baird served as a bookrunner on this offering.

About

Atmus is a global leader in filtration and media solutions. For more than 65 years, the Company has combined its culture of innovation with a rich history of designing and manufacturing filtration solutions. With a presence in more than 150 countries on six continents, Atmus serves customers across truck, bus, agriculture, construction, mining, marine and power generation vehicle and equipment markets, along with comprehensive aftermarket support and solutions. Atmus Filtration Technologies Inc. is headquartered in Nashville, Tennessee.

Cummins, a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. Cummins products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, electric powertrains, hydrogen production and fuel cell products. Cummins Inc. is headquartered in Columbus, Indiana.

Industrial

Atmus initial public offering