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Allison Buys Equity Stake in Odyne

July 3, 2012 in Electric Drive, Hybrids by Rich Piellisch  |  No Comments

Allison Transmission said yesterday that it’s taken a non-controlling equity stake in heavy duty plug-in hybrid drive specialist Odyne, stating that the new relationship between “will benefit commercial hybrid trucks with urban drive cycles and high energy requirements while the vehicle is stationary… operators in vocations such as utility bucket trucks, digger derricks, cranes and other applications that require worksite stationary power.”

International truck with Odyne plug-in hybrid electric driveline for the Richland Center unit of Wisconsin Public Power

“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,” Allison chairman, president and CEO Lawrence Dewey said in a release. “Odyne Systems’ expertise and experience in the development and manufacture of advanced hybrid control systems made them an attractive partner.”

The investment-enhanced relationship “brings together two leading companies focused on enhancing the performance and efficiency of the overall powertrain,” said Odyne president Joe Dalum. “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.”

Allison Is Not at All New to Hybrids

Allison hybrid propulsion systems for city buses went into production in 2003. By the end of 2011, the company says, city buses equipped with the Allison H 40/50 EP parallel hybrid system were operating in 230 cities worldwide.

Also according to the Allison release, Odyne has fielded more plug-in hybrid systems with U.S. work truck fleets than any other supplier. “Odyne’s hybrid system for medium and heavy duty trucks represents the best hybrid power solution for large trucks,” Allison said, noting that Odyne’s drives are available for both new vehicles and retrofit.

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Odyne, Matt Jarmuz, 262-442-8401; [email protected]; www.odyne.com

Allison info, Melissa Sauer, 317-242-5000; [email protected]; www.allisontransmission.com
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