# AAM and Dowlais win Chinese antitrust approval for $1.44bn merger

American Axle & Manufacturing (AAM) and Dowlais Group have secured Chinese antitrust clearance for their $1.44 billion merger, completing all regulatory approvals ahead of a planned February 2026 closing.

- Type: Acquisition
- Announced: 2026-01-19
- Where: United Kingdom
- Value: $1.44B
- Status: announced
- Products: automotive driveline components, powder metallurgy parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [American Axle & Manufacturing Holdings, Inc.](https://endata.com/companies/16987.md) (acquirer)
- [Dowlais Group](https://endata.com/companies/46062.md) (target)

## Sources

- [just-auto.com](https://www.just-auto.com/news/aam-dowlais-chinese-antitrust-approval/), 2026-01-19: "The companies said the decision from China’s State Administration for Market Regulation means all conditions tied to regulatory and competition approvals for the transaction have now been met."
- [english.samr.gov.cn](https://english.samr.gov.cn/News/PressReleases/art/2026/art_c29e2b2094af4ff5b03494e8c4b5b5cc.html), 2026-01-22: "The regulator approved the transaction subject to restrictive conditions, under which American Axle and Dowlais committed to four undertakings."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.