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Allison Transmission acquires Vantage Power and AxleTech electric vehicle systems division

Auto News - Published on Thu, 25 Apr 2019

Image Source: allisontransmission
Allison Transmission Holdings Inc announced that it has purchased Vantage Power and AxleTech’s electric vehicle systems division. Allison Transmission has a more than 103-year history of leading technological advancements: from James Allison owning the winning racecar of the Indianapolis 500 Mile Race in 1915 to building every transmission that is in the United States Army’s Abrams Battle Tank. Allison is building upon the legacy of those and other advancements with an electrification strategy that leverages and extends current electric hybrid technologies, develops new electrified propulsion solutions, and expands system and integration level capabilities in alternative propulsion. Both of these acquisitions align with Allison’s leading innovator position in propulsion technology, and will complement its existing capabilities to advance electrification adoption in commercial vehicles.

Vantage Power is an award-winning 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 wide range of applications including complete electric hybrid repower systems for buses to grid energy storage.

Mr David S Graziosi, President and CEO of Allison Transmission said that “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.”

Mr Graziosi said that “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. 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.”

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Posted By : Ratan Singh on Thu, 25 Apr 2019
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