Allison Transmission adds to off-highway portfolio with acquisition of Indian business
By Will Hall - 27th September 2021
USA / India – Transmission and propulsion specialist, Allison Transmission Inc, based in Indianapolis, Indiana, USA has signed of an asset purchase agreement to acquire the transmission portfolio of India-based AVTEC Ltd’s off-highway business and AVTEC’s Madras Export Processing Zone (MEPZ) off-highway component machining business.
Headquartered in New Delhi and part of the CK Birla Group, AVTEC is one of India’s largest independent manufacturers of powertrain and precision-engineered products for automotive, off-highway, defence, agriculture, and railway industry, in areas of both proprietary products and contract manufacturing.
