Allison Transmission Holdings, Inc. completes the acquisition of Dana Incorporated's Off-Highway Drive & Motion Systems business for approximately $2.7 billion.
The acquisition creates a premier, global industrial leader with an expected $5.5 billion in revenue.
The combined company will have operations in 29 countries, catering to various sectors like infrastructure, energy, agriculture, construction, and national security.
Acquisition Details
Allison Transmission completed the acquisition of Dana Incorporated's Off-Highway Drive & Motion Systems business for $2.7 billion.
Global Reach
The combined company will have a global footprint with operations in 29 countries.
Industry Expansion
This acquisition positions Allison Transmission to meet the rising demand for high-performance mobility solutions in key sectors like energy, agriculture, and construction.
Leadership Structure
The newly formed entity will have Fred Bohley leading Allison Transmission and Craig Price leading Allison Off-Highway Drive & Motion Systems, reporting to Allison's CEO David Graziosi.
Financial Advisors
BofA Securities and KPMG LLP served as financial and transaction advisors for Allison Transmission's acquisition.
- The acquisition will accelerate Allison Transmission's growth and enhance its position as a global provider of commercial duty mobility solutions.
- The combined entity will benefit from a broader portfolio of products and advanced technologies, improving its financial performance through organic and inorganic growth strategies.
- With a focus on local sourcing, production, and service, the company aims to better serve its expanded customer base worldwide.
Allison Transmission's acquisition of Dana Incorporated's Off-Highway Drive & Motion Systems business marks a significant step towards becoming a global industrial leader, enabling the company to offer enhanced mobility solutions across multiple sectors. The strategic move is expected to drive financial performance and position Allison for continued growth in the modern industrial landscape.