2 days ago
Dana sells off-highway business to Allison Transmission for $2.7 billion
June 11 (Reuters) - Auto components maker Dana (DAN.N), opens new tab on Wednesday said it has agreed to sell its off-highway business to Allison Transmission (ALSN.N), opens new tab for $2.7 billion.
The off-highway unit makes mobile drivetrain and motion systems for construction, agriculture, material handling, mining, forestry equipment and industrial applications.
The transaction is expected to close late in the fourth quarter of 2025, pending customary regulatory approvals.
