Meritor, Inc. has completed its acquisition of AxleTech from global investment firm The Carlyle Group.
Allison is growing its stake in commercial vehicle electrification with the purchase of Vantage Power and of the electric vehicle systems division of AxleTech.
AxleTech is reinventing itself with a focus on electrified vehicle solutions. By focusing on a “power-agnostic” between-the-wheels electrification technology, it believes it can provide integrated, in-axle systems that provide the same power and efficiency as conventional diesel powertrains – and maybe even better.
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