Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERG ER-REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 18.11.2021  
C(2021 ) 8473 final  
PUBLIC VERSION  
Cummins Inc.  
500 Jackson Street   
Columbus, IN 47201  
United States of America  
 
Enze Haihe (Tianjin) Private Equity 
LLP 
c/o Sinopec Group  
21st Floor, West Tower, World  
Financial Center, 1 Dongsanhuan 
Zhonglu  
Chaoyang District, Beijing  
China  
Subject : Case M.10520  – CUMMINS  / CHINA PETROCHEMICAL 
CORPORATION / JV  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 22 October 2021 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Cummins 
Power Generation (S) Pte. Ltd. ( “Cummins Power Generation”, Singapore) controlled 
by Cummins Inc. (“Cummins”, USA)  and Enze Haihe (Tianjin) Private Equity LLP 
(“Enze Haihe”, People’s Republic of China ) controlled by China Petrochemical 
Corporation (People’s Republic of China)  acquire within the meaning of Article 
3(1)(b) and 3(4)  of the Merger Regulation joint control of Cummins Enze 
(Guangdong) Hydrogen Technology Co., Ltd. (“CEHT”, People’s Republic of China)  
by way of purchase of shares in a newly created company constituti ng a joint venture .3 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 446, 3.11.2021 , p. 36. 

2 2. The business activities of the undertakings concerned are:  
 Cummins Power Generation is part of Cummins which is a globally active US 
designer and manufacturer of diesel and alternative fuel engines and power 
supply systems ; Cummins’ hy drogen power business includes the design and 
manufacture of hydrogen generation equipment for industrial and commercial use 
and the supply of hydrogen generation equipment for  industri al operations and 
fuel stations , 
 Enze Haihe is a private equity fund  that engages in equity investment, investment 
management, asset management and other activities to support China 
Petrochemical Corporation ’s future strategic presence in emerging markets, 
especially in the hydrogen energy industry , 
 CEHT will be based in Chin a and engage in the application engineering 
development, manufacturing, testing, sale, installation and service of hydrogen 
generation electrolyzer systems, in particular proton exchange membrane 
electrolyzers . 
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (a) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .