Allison Transmission secures regulatory approval for $2.7B acquisition
The company expects to close on the acquisition of the off-highway business unit of Ohio-based Dana Inc. at or near the end of this year.
The company expects to close on the acquisition of the off-highway business unit of Ohio-based Dana Inc. at or near the end of this year.
The award follows an $80 million contract that Allison received from the program for 2025 and an $83 million contract for 2024.
Indianapolis-based Allison Transmission Holdings Inc. outperformed analysts’ expectations in the second quarter, but the manufacturer also says its full-year revenue and profits will likely be lower than it had previously expected.
Hamilton County Commissioner Steve Dillinger provided updates at his State of the County address about several road and construction projects.
The business unit employs about 11,000 people in 25 countries. Allison did not specify if any jobs would be negatively affected by the deal.
Construction at the busy intersection will be delayed to give time for work to be completed on other nearby major road projects.
Indiana was barely hit by power outages as of early Sunday afternoon. Poweroutage.com, which tracks outages nationwide, reported only 79 customers without power as of 1 p.m. out of more than 3.2 million customers.
Thousands of flights across the U.S. that were set to take off over the weekend were canceled as a monster storm started to wreak havoc Saturday across much of the country, knocking out power and snarling major roadways with dangerous ice.
Although country, pop, hip-hop and other genres crowd rock music out of the spotlight in the 21st century, this might be a golden era for indie rock in Indiana.
She and her husband, Robert, purchased the company in 1997, but she worked her way up the corporate ladder before taking on an official role.
The fair commission’s longtime executive director, Cindy Hoye, will step down in March.
Although the overall mergers and acquisitions market struggled to get going earlier in the year, it rebounded in the third and fourth quarters.
Speedway City Garage will be home to Founders Grounds Coffee Co. and a taproom for Lapel-based Pax Verum Brewing Co.
New plans call for 240 apartments across four buildings, along with a clubhouse, surface parking and some covered parking spaces on a parcel abutting Allison Lake.
A $4 million project at the Indiana State Fairgrounds includes a new concert stage and a makeover for Celebration Park.
The signatures of President Vop Osili and several other councilors were missing from a letter released last week.
Construction on Indianapolis’ 10-mile portion of the trail began in 2023 and is expected to cost upwards of $15 million when complete.
More than half of the 25-member Indianapolis City-County Council signed a public letter opposing the proposed deal, saying AES Indiana “continues to fall short on service.”
The Indiana Office of Utility Consumer Counselor and the Citizen’s Action Coalition both said a settlement plan over electricity rates between AES Indiana, the city and numerous large businesses was not acceptable.
The Indiana Office of Utility Consumer Counselor, which acts on behalf of utility customers, did not join the settlement. Neither did ratepayer advocacy group Citizen’s Action Coalition.