Big pen! Allison acquires Vantage Power and AxleTech EV Division

    April 26, 2019 was informed that the world's largest medium and heavy commercial vehicle automatic transmission manufacturer Allison Transmission Holdings Limited announced its acquisition of Vantage Power and AxleTech electric vehicle (EV) Systems Division.

    Allison Transmission Holdings Co., Ltd. Allison Transmission Holdings Co., Ltd.

    From 1915, James Allison owned the Indianapolis 500-mile race car to the US Army Abrams Battle tank, and Allison Transmission has a long history of more than 103 years of leading technology. Allison has inherited and promoted the existing electric hybrid technology, developed new electric drive solutions, and expanded the level of alternative drive technology systems and integration. Both acquisitions coincide with Allison's leading innovation in drive technology and will expand existing capabilities to advance its electric applications in commercial vehicles.

    Vantage Power is an award-winning London-based technology company that develops electric vehicle drive and connected vehicle technology for medium and heavy vehicle manufacturers and their suppliers. Vantage Power specializes in battery technology development, vehicle integration and control systems, as well as vehicle interconnection and telemetry. Its technology has been widely used in passenger electric hybrid power systems and grid energy storage systems.

    “Vantage Power's entrepreneurial spirit and its advanced technology further strengthen our strategic focus to meet and exceed customer needs,” said David S. Graziosi, President and CEO of Allison Transmission. “Through this initiative and other development plans, we will continue to build on existing and electric hybrid products, while at the same time stand out in the electrification and fuel cell markets.”

    Allison Transmission Production Line Allison Transmission Production Line

    AxleTech is a leading technology company that designs, manufactures, markets and services axle and integrated electric drive bridge solutions for road and off-highway commercial vehicles. Founded in 1919, the company employs nearly 800 people worldwide and is dedicated to developing advanced powertrain systems, axles, components and aftermarket parts for customers worldwide. The Electric Vehicle Systems Division is located at the AxleTech headquarters in Troy, Michigan, USA.

    “AxleTech's highly integrated solutions for electric vehicles and its application in the Allison customer terminal market further strengthen our position as a driver solution provider,” said Graziosi, “AxleTech Electric Vehicle Systems Division Talents and products and their capabilities will be combined with our current product expertise to create and deliver unparalleled drive solutions."

    Reading volume: Source: Allison Author: Cold autumn

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