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Allison Transmission boosts electric vehicle presence

Posted: 1:20 PM, Apr 23, 2019
Updated: 2019-04-23 13:25:57-04
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INDIANAPOLIS — Allison Transmission is expanding.

The Indianapolis-based company has acquired Vantage Power — a London technology company specializing in developing electrified and connected technologies for heavy-duty vehicle manufacturers, with a focus on battery packs, control systems, and telemetry and system design.

In addition, Allison has acquired the electric vehicle systems division of AxleTech — a Michigan-based company that engineers, designs, manufactures, sells and services powertrain equipment for heavy-duty commercial vehicles.

Allison spokesperson Claire Gregory says both companies and their employees will stay in their current locations.

"Vantage Power's entrepreneurial spirit and technological advancements complement our strategic priorities to meet and exceed our customers' demands," said Allison CEO and President David Graziosi. "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."

About AxleTech, Graziosi said the company'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."

Allison Transmission is the world's largest maker of fully automatic transmissions for medium and heavy-duty commercial vehicles.

The company says it has about 2,900 employees worldwide.