M&A Deal Summary

Allison Acquires Avtec - Off-Highway Transmission Portfolio and Off-Highway Component Machining Business

On September 16, 2021, Allison acquired automotive company Avtec - Off-Highway Transmission Portfolio and Off-Highway Component Machining Business from Avtec for 27M USD

Acquisition Highlights
  • This is Allison’s 4th transaction in the Automotive sector.
  • This is Allison’s largest (disclosed) transaction.
  • This is Allison’s 1st transaction in India.

M&A Deal Summary
Date 2021-09-16
Target Avtec - Off-Highway Transmission Portfolio and Off-Highway Component Machining Business
Sector Automotive
Buyer(s) Allison
Sellers(s) Avtec
Deal Type Divestiture
Deal Value 27M USD

Target

Avtec - Off-Highway Transmission Portfolio and Off-Highway Component Machining Business

India
Avtec's Off-Highway Transmission Portfolio and Off-Highway Component Machining Business is a provider of precision-engineered products.

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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 6 of 6
Sector (Automotive) 4 of 4
Type (Divestiture) 2 of 2
Country (India) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 C&R Tool and Engineering

Muscle Shoals, Alabama, United States

C&R Tool is a North American designer and manufacturer of complex high-pressure die cast molds serving OEMs and Tier I suppliers. Specializing in large, complex multi-slide large cavity part designs, C&R Tool engineers, builds and tests integrated tooling systems primary for automotive and heavy truck powertrain component applications. C&R Tool and Engineering, Inc. was founded in 1956 and is based in Muscle Shoals, Alabama.

Buy -

Seller(S) 1

SELLER

Avtec

New Delhi, India
Category Company
Founded 2005
Sector Automotive
Employees1,600
Revenue 85M USD (2013)
DESCRIPTION

Avtec Ltd. is an independent manufacturer of engines and transmissions (Powertrains), supplying critical auto components to reputed global OEMs including GM, Ford, Mahindra & Mahindra, Caterpillar, BEML and Hindustan Motors.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-27 ASSAG

Düdingen, Switzerland

ASSAG specializes in crown gear technology and developing innovative gearing solutions for wide-ranging applications.

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Mergr

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