Allison (ALSN) to Buy AVTEC's Transmission & Machining Business - NewsBreak

ALSN - Free Report) recently announced that it has inked an asset purchase agreement to acquire the transmission portfolio of India-based AVTEC Ltd.'s off-highway business and Madras Export Processing Zone (MEPZ) off-highway component machining business. The deal requires Allison to pay roughly $27 million in cash for AVTEC's off-highway transmission...