Allison Transmission Holdings Inc., on Tuesday announced the acquisition of Vantage Power and AxleTech’s electric vehicle systems division.
Vantage Power specializes in developing electrified propulsion and connected vehicle technologies for medium- and heavy-duty vehicle manufacturers and 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 re-power systems for buses-to-grid energy storage.
AxleTech designs, engineers, manufactures, sells and services axles and integrated electrified axles for on- and off-highway heavy-duty commercial vehicles and the company’s nearly 800 worldwide employees develop advanced powertrain systems, axles, components and aftermarket parts for global customers. The EV systems division is located at AxleTech’s headquarters in Troy, Mich.
“Vantage Power’s entrepreneurial spirit and technological advancements complement our strategic priorities to meet and exceed our customers’ demands,” says David S. Graziosi, President and CEO of Allison Transmission. “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.
Graziosi says both of acquisitions align with Allison’s “leading innovator position” in propulsion technology, and complement its existing capabilities to advance electrification adoption in commercial vehicles.
“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,” he says.