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Allison Transmission to Purchase AVTEC Portfolio

Thursday, September 16, 2021 09:23 AM EDT Updated: Thursday, September 16, 2021 01:16 PM EDT
By Reed Parker, Writer/Reporter
Allison Transmission to Purchase AVTEC Portfolio (undated photo courtesy of Allison Transmission)

Indianapolis-based Allison Transmission has signed an asset purchase agreement to buy portions of India-based AVTEC Ltd.’s off-highway business and the company’s component machining business. Allison says the cash deal is valued at $27 million.

The deal is for AVTEC’s off-highway transmission portfolio and MEPZ off-highway machining assets. Allison says AVTEC is headquartered in New Delhi and is part of the CK Birla Group.

“The acquisition of the transmission portfolio of AVTEC’s off-highway business and associated IP will accelerate Allison’s pursuit of additional opportunities in these segments in India and global markets with purpose-built products that deliver performance and productivity to our customers,” said John Coll, Senior Vice President, Global Marketing, Sales and Service at Allison Transmission.

Allison says it will also integrate AVTEC’s maching operations currently located in the company’s Chennai, India facility into Allison’s Chennai manufacturing plant to produce housings for off-highway transmissions. 

“This acquisition supports our overarching sourcing and operations strategies,” said Mike Dick, Senior Vice President of Operations and Global Purchasing at Allison Transmission.

Allison says the transaction is subject to certain conditions and is expected to close by the end of the year. 

 

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Perspectives

Factors in determining your company’s value

Factors in determining your company’s value

Determining the right asking price is crucial for a successful sale. An accurate valuation of your business requires considering multiple factors, such as financial performance, assets, intellectual property, customer base, and market share. Careful analysis of your business's unique attributes and the current market landscape can aid in setting a competitive and realistic asking price. Here are some key points to consider regarding the influence of market pricing on the timing of a company sale....

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