# 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.

- Type: Acquisition
- Announced: 2022-03-31
- Where: Chennai, India, India
- Value: $23.0M
- Status: completed
- Products: off-highway transmissions, component machining
- 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

- [businesswire.com](https://www.businesswire.com/news/home/20220331005924/en/Allison-Transmission-Completes-Acquisition-of-AVTECs-Off-Highway-Transmission-Portfolio-and-Component-Machining-Business), 2022-03-31: "This acquisition will position Allison's product portfolio for strategic growth in the off-highway segment in India and other global markets."
- [worldbusinessoutlook.com](https://worldbusinessoutlook.com/allison-transmission-acquires-avtecs-off-htpcmbs/), 2022-04-07: "This acquisition will position Allison's product portfolio for strategic growth in the off-highway segment in India and other global markets."

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