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Allison Transmission Holdings Inc. acquired 100% of the stock of Vantage Power Ltd. for $9 million, with potential additional payments of up to $8 million over three years. The deal closed on April 12, 2019.
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.