M&A Deal Summary

Allison Acquires Odyne

On July 2, 2012, Allison acquired automotive company Odyne from Johnson Controls

Acquisition Highlights
  • This is Allison’s 1st transaction in the Automotive sector.
  • This is Allison’s 1st transaction in the United States.

M&A Deal Summary
Date 2012-07-02
Target Odyne
Sector Automotive
Buyer(s) Allison
Sellers(s) Johnson Controls
Deal Type Add-on Acquisition

Target

Odyne

Hauppauge, United States
Odyne Corp. is a manufacturer of hybrid systems for medium and heavy duty work trucks.

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Buyer(S) 1

Buyer

Allison

Indianapolis, Indiana, United States
Category Company
Founded 1915
Sector Automotive
Employees3,700
Revenue 2.8B USD (2022)
DESCRIPTION
Entrance to Allison Transmission's corporate headquarters in Indianapolis, Indiana.
Entrance to Allison Transmission's corporate headquarters in Indianapolis, Indiana.

Allison is a designer and manufacturer of automatic transmissions for the medium and heavy-duty commercial vehicle markets. Allison was incorporated in 1915 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 1 of 6
Sector (Automotive) 1 of 4
Type (Add-on Acquisition) 1 of 4
Country (United States) 1 of 4
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-23 AxleTech International Holdings - Electric Vehicle Systems Division

Oshkosh, Wisconsin, United States

AxleTech International Holdings, Inc. - Electric Vehicle (EV) Systems Division designs, engineers, manufactures, sells and services axles and integrated electrified axle solutions for on- and off-highway heavy-duty commercial vehicles.

Buy -

Seller(S) 1

SELLER

Johnson Controls

Cork, Ireland
Category Company
Founded 1885
Sector Diversified
Employees102,000
Revenue 26.8B USD (2023)
DESCRIPTION
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.

Johnson Controls is a diversified technology and industrial company that creates products, services, and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating and interior systems for automobiles. Johnson Controls was founded in 1885 and is based in Cork, Ireland.

DEAL STATS #
Overall 4 of 16
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (United States) 3 of 13
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Johnson Controls - Marine Container Business

Denmark

Marine Container business supplies controls for optimal operation of refrigerated sea containers and marine boilers, along with solutions that monitor and report on refrigeration conditions within large groups of marine shipping containers on land or at sea to ensure product quality and food safety.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-18 Johnson Controls - HomeLink Business

United States

HomeLink business was considered the marquee product line in the automotive electronics business.

Sell $700M
Mergr

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