Allison Transmission Holdings Inc., the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, is growing its stake in commercial vehicle electrification with the purchase of U.K.-based Vantage Power and of the electric vehicle systems division of AxleTech of Troy, Michigan.
Stating that its electrification strategy â€œleverages and extends current electric hybrid technologies, develops new electrified propulsion solutions, and expands system and integration level capabilities in alternative propulsion,â€ Allison said the acquisitions â€œwill complement its existing capabilities to advance electrification adoption in commercial vehicles.â€
Allison is not the only global transmission manufacturer to expand into the electrification of commercial vehicles; other transmission makers engaged in the growing field of electric trucks include Eaton and Germanyâ€™s ZF.
Allison said Vantage Power specializes in developing electrified propulsion and connected vehicle technologies for medium- and heavy-duty OEMs and their Tier 1 suppliers. Its primary focus is on battery technology development, vehicle integration and control systems, and vehicle connectivity and telemetry.
Vantage Powerâ€™s technologies have been deployed in a range of applications, from hybrid repower systems for buses through to grid energy storage systems. David S. Graziosi, president and CEO of Allison Transmission, remarked that, â€œThrough this and other growth initiatives, we will continue to build upon our conventional and electric hybrid products today while differentiating ourselves in the electrification and fuel cell markets.â€
Vantage Power was acquired for approximately Â£7 million ($9 million), according to Allison.
Allison said AxleTech designs, engineers, manufactures, sells, and services axles and integrated electrified axle solutions for on- and off-highway heavy-duty commercial vehicles. â€œAxleTechâ€™s highly integrated solutions in the EV space and their presence in Allisonâ€™s end markets complement our position as a leading propulsion solutions provider,â€ said Graziosi.
The electric vehicle systems division of AxleTech was acquired for a transaction price of $123 million, Allison stated.
Last month, in a webinar held for reporters, AxleTech stated that it focuses on a power-agnostic, between-the-wheels electrification technology that it contends can provide integrated, in-axle systems that provide the same or better power and efficiency as conventional diesel powertrains.
At the time, AxleTech also noted that it planned to launch at this weekâ€™s ACT Expo in Long Beach, California, â€œthe most efficient electric powertrain in the world for Class 6-8 trucks,â€ as well as a compact and powerful system for low-floor transit buses.