General Dynamics [GD] yesterday said it has agreed to acquire AxleTech International, a global manufacturer and supplier of highly engineered axles, wheel ends, brakes and gears for heavy-duty military and commercial vehicles. Terms of the deal, which is slated to close by year-end, were not disclosed. GD said the purchase would be immediately accretive to its earnings. Michigan-based AxleTech, which is being acquired from the private equity firm The Carlyle Group, will become part of GD's Armament and Technical Products…
GD To Acquire Heavy Duty Vehicle Components Supplier AxleTech
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