# 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.

- Type: Acquisition
- Announced: 2021-09-16
- Where: Chennai, India
- Value: $27.0M
- Status: announced
- Products: off-highway transmissions, transmission components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [AVTEC Group](https://endata.com/companies/4212.md) (target)
- [Allison Transmission](https://endata.com/companies/15167.md) (acquirer)

## Sources

- [propel-technology.com](https://propel-technology.com/newsroom/allison-transmission-signs-agreement-to-acquire-india-based-avtecs-off-highway-transmission-portfolio-and-off-highway-component-machining-business/), 2021-09-16: "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."

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