Allison Transmission Acquires Dana's Off-Highway Business to Strengthen Global Leadership
Originally Published 9 days ago — by Dana Incorporated
Dana Incorporated has completed the sale of its Off-Highway business to Allison Transmission for $2.7 billion, a move that strengthens its focus on light- and commercial-vehicle markets, reduces debt by about $2 billion, and plans to return $1 billion to shareholders by 2027, supporting its ongoing transformation and growth strategy.