Allison Transmission Takes Over Vantage Power and AxleTech’s Subsidiary
Recently, Allison Transmission, the world-renowned producer of transmission solutions for different types of vehicles, has reported about the takeover of Vantage Power and a subsidiary of AxleTech.
For more than a century, Allison has been creating sophisticated solutions which gained application in a variety of industries (from the construction machinery to military vehicles). Moreover, Allison has a clearly defined strategy in the field of electrification, which includes enhancement of existing electric hybrid technologies, work on new electric drive solutions, and the expansion of opportunities in the field of alternative drive systems. The abovementioned deals prove Allison’s leadership. On top of it, they will make a significant contribution to the development of current Allison’s capacities for introduction of electric drive technologies in the segment of commercial vehicles.
Learn more about Vantage Power company
Vantage Power is an innovative enterprise
specialized in the development of electric drives and connected vehicle
solutions for automakers and their suppliers. The main efforts of the company’s
specialists are aimed at developing battery technologies, control and
integration units, as well as data transmission solutions and remote
measurement units.
Vantage Power products have found application
in different fields: from hybrid solutions for buses to networked power storage
systems.
David S. Graziosi, CEO
of Allison Transmission
David S. Graziosi, Allison’s CEO, pointed out
that the commercial sense and professional competence of Vantage Power
perfectly match strategic priorities of Allison. On the one hand, the takeover
deal will help Allison to expand company’s portfolio of traditional and hybrid
solutions, and on the other hand, provide innovative solutions in the segments
of pure electric drive units and driving units on fuel cells.
AxleTech is a technology company that develops,
produces, supplies, and maintains powertrain units for commercial vehicles. The
history of the company dates back to 1919. Now it employs approx. eight hundred
specialists all over the world, they design drive units, axles, elements and
spare parts for the company’s customers worldwide. The AxleTech’s subsidiary, specialized
in development of electrical drive systems.
Mr. Graziosi noted that the integrated solutions of AxleTech will strengthen Allison’s position as a top supplier of solutions for drive systems. Talented employees and advanced products of the acquired AxleTech subsidiary will allow Allison to offer unparalleled solutions for drive systems.
