Allison Transmission has purchased Vantage Power and AxleTech’s electric vehicle (EV) systems division.
The company says the acquisitions are part of its electrification strategy, and will complement its existing alternative propulsion technology.
Based in London, Vantage Power specialises in developing electrified propulsion and connected vehicle technologies for medium- and heavy-duty vehicle manufacturers and their suppliers.
With a particular focus on battery technology development, vehicle integration and control systems, as well as vehicle connectivity and telemetry, Vantage Power’s products have been deployed in a wide range of applications including complete electric hybrid repower systems for buses.
David S. Graziosi, President and CEO of Allison Transmission, said: “Vantage Power’s entrepreneurial spirit and technological advancements complement our strategic priorities to meet and exceed our customers’ demands.
“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, meanwhile, designs, engineers, manufactures, sells and services axles and electrified axles for heavy-duty commercial vehicles.
With industrial roots established in 1919, the company’s nearly 800 worldwide employees drive it to develop advanced powertrain systems, axles, components and aftermarket parts for global customers.
The EV systems division is located at AxleTech’s headquarters in Troy, Michigan.
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