Allison Transmission completes acquisition of AVTEC's off-highway transmission business

Allison Transmission completed the acquisition of AVTEC Ltd.'s off-highway transmission portfolio and component machining business for $23 million in cash. The deal, announced on September 16, 2021, closed on March 30, 2022.

“This acquisition will position Allison's product portfolio for strategic growth in the off-highway segment in India and other global markets.”businesswire.com

• 2 sources
• businesswire.comAllison Transmission Completes Acquisition of AVTEC’s Off-Highway Transmission Portfolio and Component Machining BusinessClaire GregoryMar 31, 2022
• worldbusinessoutlook.comAllison Transmission acquires AVTEC’s Off-HTP,CMBs » World Business OutlookworldbusinessoutlookApr 7, 2022

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