Allison Transmission to acquire AVTEC's off-highway transmission business

Allison Transmission signed an asset purchase agreement to acquire AVTEC's off-highway transmission portfolio and component machining business for approximately $27 million. The transaction is expected to close by the end of 2021.

“The acquisition of the transmission portfolio of AVTEC's off-highway business and associated IP will accelerate Allison's pursuit of additional opportunities in these segments.”propel-technology.com

• 1 source
• propel-technology.comAllison Transmission signs agreement to acquire India-based AVTEC’s off-highway transmission portfolio and off-highway component machining business - Propel TechnologyLouiseSep 16, 2021

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