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Article: General Dynamics Completes Acquisition of AxleTech International.
- Article from:
- Defense & Aerospace Week
- Article date:
- January 21, 2009
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General Dynamics (NYSE:GD) announced that it completed the acquisition of AxleTech International from The Carlyle Group, a Washington, D.C.-based private equity firm, in late December. The companies announced plans for the acquisition in November 2008. Terms of the transaction have not been disclosed; the acquisition is immediately accretive to General Dynamics.
The company, which will be known as AxleTech International, A General Dynamics Company, is based in Troy, Mich., and is a global manufacturer and supplier of axles, axle components, planetary axles, independent suspensions, brakes and aftermarket parts for military vehicles, commercial specialty trucks, ...