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General Dynamics Completes Acquisition of AxleTech International.

Publication: PR Newswire
Publication Date: 05-JAN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Global manufacturer of heavy duty vehicle components expands General Dynamics' product offerings, customer base.

FALLS CHURCH, Va., Jan. 5 /PRNewswire-FirstCall/ -- General Dynamics announced today 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,...

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