Allison Transmission Buys Vantage Power And AxleTech’s EV Division
23 April 2019
In an impressive double deal that puts it even more deeply into the e-vehicle business, Allison Transmission Holdings Inc., Indianapolis, Ind. the manufacturer of medium- and heavy-duty fully automatic transmissions, announced it has purchased both Vantage Power and AxleTech’s electric vehicle (EV) systems division.
Vantage Power is a London-based technology company specializing in developing electrified propulsion and connected vehicle technologies for medium- and heavy-duty vehicle manufacturers and their suppliers. With particular focus on battery technology development, vehicle integration and control systems, as well as vehicle connectivity and telemetry, Vantage Power technologies have been deployed in a range of applications including complete electric hybrid repower systems for buses to grid energy storage.
“Vantage Power’s entrepreneurial spirit and technological advancements complement our strategic priorities to meet and exceed our customers’ demands,” said David S. Graziosi, president and CEO of Allison Transmission. “Through this and other growth initiatives, we will continue to build upon our conventional and electric hybrid products today while differentiating ourselves in the electrification and fuel cell markets.”
AxleTech designs, engineers, manufactures, sells and services axles and integrated electrified axle solutions for on- and off-highway heavy-duty commercial vehicles. The EV systems division is located at AxleTech’s headquarters in Troy, Michigan.
“AxleTech’s highly integrated solutions in the EV space and their presence in Allison’s end markets complement our position as a leading propulsion solutions provider,” said Graziosi. “The talented individuals and products within AxleTech’s EV systems division and their capabilities will combine well with our current products expertise to create and provide unmatched propulsion solutions.” t Ta