Allison Transmission Holdings Inc., on Tuesday announced the acquisition of Vantage Power and AxleTech’s electric vehicle (EV) systems division — two acquisitions intended to build toward truck electrification.
Vantage Power specializes in developing electrified propulsion and connected vehicle technologies for medium- and heavy-duty vehicle manufacturers and suppliers. The company’s work includes battery tech development, vehicle integration and vehicle control systems. Vantage Power technologies have been deployed in a wide range of applications, including complete electric hybrid repower 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.
“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.
David Graziosi, president and CEO of Allison Transmission, says both 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.
