Allison Transmission has announced a definitive agreement to acquire Dana’s Off-Highway business for approximately $2.7 billion. The acquisition, anticipated to close late in the fourth quarter of 2025 pending regulatory approvals, aims to expand Allison’s existing powertrain and electrification product lines, significantly enhancing capabilities in hybrid and electric drivetrain systems for commercial and industrial applications. … Continue reading “Allison Transmission to acquire Dana’s off-highway business, expanding EV and hybrid drivetrain capabilities”
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Australian DC fast charger manufacturer Tritium has been acquired by the Indian power management solutions company Exicom, which sells a range of AC and DC EV chargers in 15 countries. The acquisition adds Tritium’s manufacturing facility in Tennessee and its engineering center in Brisbane, Australia to Exicom’s existing presence in Asia. “The acquisition expands Exicom’s … Continue reading “Indian firm Exicom to acquire charger manufacturer Tritium”