Mexican Media Brands
Allison Transmission Buys AxleTech’s EV Tech Unit
Indianapolis-based Allison Transmission Holdings Inc. has agreed to purchase AxleTech International LLC’s Electric Vehicle Systems division.
#hybrid
Share
Indianapolis-based Allison Transmission Holdings Inc. has agreed to purchase AxleTech International LLC’s Electric Vehicle Systems division.
The transaction consists of the assets, intellectual property, products and about 40 employees involved in AxleTech's advanced integrated electrification systems. Financial terms weren’t disclosed.
Allison Transmission will integrate the business into its existing electrification operations. The company, which makes hybrid propulsion systems for city buses, is the largest manufacturer of automatic transmissions for medium- and heavy-duty commercial vehicles.
The divestiture allows AxleTech to focus on its core off-highway drivetrain products and on-highway aftermarket systems. Founded in 1919, the Troy, Mich.-based company (previously part of Rockwell International and Meritor) is now owned by The Carlyle Group.
RELATED CONTENT
-
Bolt EV: Like a Hammer Through a Screen
Some of you may remember the Apple “1984” commercial that ran on January 22, 1984, the ad that announced the Macintosh to the world.
-
Aluminum Sheet for EV Battery Enclosure
As the number of electric vehicles (EVs) is about to increase almost exponentially, aluminum supplier Novelis is preparing to provide customers with protective solutions
-
What the VW ID. BUGGY Indicates
Volkswagen will be presenting a concept, the ID. BUGGY, a contemporary take on a dune buggy, based on the MEB electric platform that the company will be using for a wide array of production vehicles, at the International Geneva Motor Show.