Allison Transmissions Holdings has announced that it has purchased Vantage Power AxleTech’s electric vehicle systems division.

The acquisitions are aimed at propulsion technology and complementing Allison’s existing capabilities to advance electrification adoption in commercial vehicles.

Vantage Power is a London-based technology company specializing in developing electrified propulsion and connected vehicle technologies for medium and heavy duty vehicle manufacturers and suppliers.

“Vantage Power’s entrepreneurial spirit and technological advancements complement our strategic priorities to meet and exceed our customers’ demands,” said David Graziosi, president and CEO of Allison Transmission. “Through this and other growth initiatives, we will continue to build upon our conventional and electric hybrid products today while differentiating ourselves in the electrification and fuel cell markets.”

AxleTech is a technology company that makes and services axles and integrated electrified axle solutions for heavy duty commercial vehicles.

“AxleTech’s highly integrated solutions in the EV space and its presence in Allison’s end-markets complement our position as a leading propulsion solutions provider,” said Graziosi. “The talented individuals and products within AxleTech’s EV systems division and their capabilities will combine well with our current product expertise to create and provide unmatched propulsion solutions.”