Allison transmission signs agreement to acquire india-based avtec's off-highway transmission portfolio and off-highway component machining business

Indianapolis--(business wire)--allison transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, is pleased to announce that it has signed 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 co
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