June 2025 – KST Law (Kinstellar) is proud to have advised Allison Transmission Holdings on Turkish and Hungarian law aspects in connection with its entry into a definitive agreement to acquire the Off-Highway business of Dana Incorporated, a global leader in propulsion and energy-management solutions for vehicles and machinery across all mobility markets, for approximately US$2.7 billion.
Special thanks to the KST Law (Kinstellar) team in Istanbul led by Partner Emre Özer, including Associates Helin Akbulut, Nihal Dilan Cantürk and Tuğberk Çakırca, for their invaluable contribution in making this transaction a success. Kinstellar's team in Budapest consisting of Partner Gábor Gelencsér, Counsel Mónika Frank, Senior Associate Gergely Simon Lipták and Associates Anna Szilágyi and Szabolcs Szilágyi, was also instrumental in supporting the client throughout the transaction.
We worked in close collaboration with Latham & Watkins Düsseldorf office, led by partners Heiko Gotsche and Lucas Schweitzer, with support from associates Alexander Belk and Nikolaus Becker. It was a pleasure working alongside Latham & Watkins on this important milestone.