Dana and Allison Celebrate Regulatory Approvals for Major Deal
MAUMEE, Ohio and INDIANAPOLIS — Dana Incorporated (NYSE: DAN) and Allison Transmission Holdings, Inc. (NYSE: ALSN) have exciting news to share! Both companies have officially received the necessary regulatory approvals linked to the sale of Dana's Off-Highway business to Allison.
This pivotal moment signifies a forward-moving step in the transformation strategies of both firms. R. Bruce McDonald, the Chairman and Chief Executive Officer of Dana, expressed confidence about the future: "Finalizing this transaction with Allison is integral in allowing us to return $600 million to shareholders this year, while also enabling us to reduce debt by approximately $2 billion in the next year."
The integration process not only foreshadows a prosperous future for Dana's Off-Highway operations but also aligns with Allison's long-term growth emphasis. David S. Graziosi, Chairman and CEO of Allison, shared his anticipation in welcoming the Off-Highway Drive and Motion Systems team. "Integrating their capabilities fortifies our presence in the global off-highway market and enhances our overall business structure,” he mentioned excitedly.
The companies are poised to close the transaction at or near year-end, contingent on customary closing procedures being successfully completed.
About Dana Incorporated
Dana is a recognized leader in developing and producing highly efficient solutions for propulsion and energy management, significantly contributing to various mobility markets worldwide. They focus on fostering sustainable progress through innovative clean energy and conventional solutions. Dana supports almost every vehicle manufacturer with its dynamic offerings such as drive and motion systems, thermal solutions, and sealing systems.
Headquartered in Maumee, Ohio, Dana reported sales of around $7.7 billion in the last fiscal year. The company boasts a presence in 26 countries with a workforce of 28,000. It has a rich history dating back to 1904 and has been acknowledged as one of the "World's Most Ethical Companies" for 2025.
About Allison Transmission Holdings, Inc.
Allison Transmission (NYSE: ALSN) stands as the premier designer and manufacturer of propulsion systems for both commercial and defense vehicles. They are celebrated as the leading global supplier of medium- and heavy-duty fully automatic transmissions, making a noticeable impact across numerous sectors including construction, emergency services, and agriculture.
Founded in 1915 and located in Indianapolis, Indiana, Allison's operations extend into over 150 countries across the globe. The company’s manufacturing facilities include locations in the USA, Hungary, and India, with regional headquarters in the Netherlands, China, and Brazil. They also possess powerful capabilities in electrification engineering, enhancing their innovative approach within the market.
Reflecting on the Future
Both Dana and Allison are on an exciting trajectory, with focused plans for growth and integration. This successful completion of the regulatory phase encourages confidence in the future, as both organizations work to secure their positions as leaders in their respective markets.
Frequently Asked Questions
What are the regulatory approvals for the Dana-Allison deal?
The approvals confirm that both Dana Incorporated and Allison Transmission Holdings can proceed with the sale of Dana’s Off-Highway business.
When is the expected closing date for the transaction?
The transaction is expected to close at or near the end of the year, pending final customary closing procedures.
What is Dana Incorporated known for?
Dana specializes in designing and manufacturing energy management and propulsion solutions for various vehicle manufacturers worldwide.
How does the acquisition benefit Allison Transmission?
This acquisition strengthens Allison’s market position and integrates new capabilities into their operations, fostering long-term growth.
Where can I find more information about Dana and Allison?
You can visit their respective company websites for more insights into their operations and latest news.
