Cummins Inc. and Grupo Laeisz announced today a joint-venture partnership to distribute and service Cummins engines, generators, and parts in a region that includes Costa Rica, El Salvador and Honduras. The new joint venture, to be called Cummins CentroamÃ©rica, will be an 80/20 joint venture.
The agreement was signed in Honduras by Bernardo Hirsch, President of Grupo Laeisz, and representatives of Cummins.
Laeisz has been a Cummins distributor in Honduras for more than 40 years, with subsequent expansion into El Salvador and Costa Rica. The new joint venture will include both Cummins brands and products from Ingersoll Rand Air Solutions Group, which are considered complementary and non-competitive with Cummins lines.