# Allison Transmission acquires Vantage Power and AxleTech EV systems division

Allison Transmission Holdings Inc. purchased Vantage Power, a London-based electrified propulsion technology company, and AxleTech's electric vehicle systems division. The acquisitions aim to advance Allison's electrification strategy for commercial vehicles.

- Type: Acquisition
- Announced: 2019-04-22
- Where: United States
- Value: $123.0M
- Status: completed
- Products: electrified propulsion systems, electric hybrid repower systems, axles, integrated electrified axle solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Allison Transmission](https://endata.com/companies/15167.md) (acquirer)
- [AxleTech](https://endata.com/companies/38310.md) (target)
- [Vantage Power](https://endata.com/companies/38901.md) (target)
- [AxleTech International](https://endata.com/companies/38997.md) (target)

## Sources

- [heavyequipmentguide.ca](https://www.heavyequipmentguide.ca/article/30710/allison-transmission-acquires-vantage-power-and-axletech-electric-vehicle-systems-division), 2019-04-23: "Vantage Power's entrepreneurial spirit and technological advancements complement our strategic priorities to meet and exceed our customers' demands."
- [marklines.com](https://www.marklines.com/en/news/225416?sitesearchKey=%E4%BE%9B%E5%BA%94%E5%95%86), 2019-04-23: "Both of these acquisitions will complement Allison’s electrification strategy th...."
- [rvbusiness.com](https://rvbusiness.com/allison-acquires-2-firms-reports-1q-profit-growth/), 2019-04-24: "Allison paid $123 million to acquire the assets of AxleTech’s electric vehicle systems division, which makes electric axles for medium- and heavy-duty trucks and buses."

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