Allison Transmission Inc. announced it has invested in a non-controlling equity stake in Odyne Systems LLC.
Odyne, a manufacturer of advanced hybrid control systems, designed and developed a plug-in hybrid
“Odyne Systems’ expertise and experience in the development and manufacture of advanced hybrid control systems made them an attractive partner,” says Lawrence E. Dewey, Chairman, President and CEO of Allison Transmission. “Fundamentally, I believe commercial vehicle operators who require a clean and sustainable stationary power source will appreciate the features and benefits that Odyne and Allison bring to the industry.”
Joe Dalum, president of Odyne Systems, says, “This relationship between Allison and Odyne brings together two leading companies focused on enhancing the performance and efficiency of the overall powertrain. Our solutions help companies and communities meet sustainability objectives, lower costs and reduce worksite noise. It also becomes especially relevant with today’s varying fuel prices and the drive to reduce emission levels.”