Allison Transmission and Dana Off-Highway: Deal closed! Transaction completed
Allison Transmission Completes Acquisition of Dana Incorporated's Off-Highway Drive & Motion Systems Business
As the title says, it is done for Allison’s acquisition of Dana’s off-highway branch. We told you about it in this article, dating back to June 12, 2025. For the latest communications, we rely on the latest Allison’s press release.
Allison Transmission Holdings, Inc. (NYSE: ALSN, “Allison”, “the Company”) today announced it has completed its acquisition of the Off-Highway Drive & Motion Systems business of Dana Incorporated, a leading provider of drivetrain and propulsion solutions, for approximately $2.7 billion. The combination of industry-leading products and advanced technologies will accelerate Allison’s growth and broaden the Company’s position as a global provider of commercial duty mobility and work solutions that Improve the Way the World Works.
According to David Graziosi, There is Significant Potential in the Integration of Allison with Dana’s Off-Highway Business
“We are excited to welcome our new colleagues from Dana Incorporated’s Off-Highway Drive & Motion Systems business to Allison,” said David Graziosi, Allison Chair, President and CEO. “Together, we have an expanded market reach and broader portfolio of high-quality and reliable products, creating a global platform that will continue to deliver strong financial performance from both organic and inorganic growth. Our talented colleagues are dedicated to helping support our customers and their end users to better capitalize on the global megatrends shaping the modern industrial world.”
HQ in Indianapolis
The combined company will be headquartered in Indianapolis, Indiana, USA, and led by Graziosi. The company will operate under the Allison name and be comprised of two business units. Allison Transmission will be led by Fred Bohley, President & Business Unit Leader, and Allison Off-Highway Drive & Motion Systems will be led by Craig Price, President & Business Unit Leader. Both Bohley and Price will report to Graziosi, and Bohley will continue to serve as Allison’s Chief Operating Officer.
Business unit leadership will be located around the world, reflecting the global nature of the business and the importance of local insights for its customers and stakeholders. Collectively, these changes allow the Company to better serve an expanded customer base with more local sourcing, production and service via a deeper pool of engineering and technological expertise.
BofA Securities and KPMG LLP served as Allison’s financial and transaction advisors respectively, and Latham & Watkins LLP acted as legal advisor. Barclays, BofA Securities, Citigroup and JPMorgan provided committed financing in connection with the transaction. Edelman acted as Allison’s strategic communications advisor.
