Allison Transmission Holdings, Inc. has entered into a definitive agreement to acquire the off-highway business of Dana Incorporated for a purchase price of approximately USD 2.7 billion.
Dana Incorporated is a leading provider of drivetrain and propulsion solutions in the global automotive, commercial vehicle, and off-highway industries.
This acquisition strengthens the global powertrain capabilities of Allison Transmission Holdings, Inc.
Our team supported Allison Transmission Holdings, Inc. as Swiss local counsel in the pre-closing restructuring required to carve out and sell the acquired business by leveraging on its cross-border capabilities and experience in large multinational reorganisations.
For more information, please reach out to one of the advisers involved in this transaction.