Allison to acquire AVTEC’s off-highway business

Mike Brezonick

16 September 2021

Allison Transmission, the global manufacturer of conventional and electrified vehicle propulsion systems, announced it has signed an asset purchase agreement to acquire the transmission portfolio of India-based AVTEC Ltd.’s off-highway business and its Madras Export Processing Zone (MEPZ) off-highway component machining business.

Allison will pay approximately $27 million in cash…

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