Dana and Allison Secure Regulatory Approvals for Business Transaction Boosting Off-Highway Ventures

Significant Milestone for Dana and Allison

In a recent announcement, Dana Incorporated (NYSE: DAN) and Allison Transmission Holdings, Inc. (NYSE: ALSN) have confirmed that all regulatory approvals required for the sale of Dana's Off-Highway business to Allison have been successfully obtained. This marks a pivotal moment for the two companies, aiming to close the transaction by the end of the current year.

R. Bruce McDonald, Chairman and CEO of Dana, articulated the relevance of this achievement, emphasizing its role in the company’s ongoing transformation strategy. He stated, "Finalizing this transaction with Allison, an entity well-prepared to build upon our Off-Highway business, empowers us to return $600 million to shareholders this year. Furthermore, it positions us to significantly reduce our debt by about $2 billion in the upcoming financial year." This announcement was made during a time when both companies are optimizing their operations for enhanced efficiency and long-term growth.

On the other side of the deal, David S. Graziosi, Chairman and CEO of Allison Transmission, expressed enthusiasm about integrating the Off-Highway Drive and Motion Systems team into their existing operations. He stated, "This acquisition aligns perfectly with our strategic vision for growth and solidifies our standing in the global off-highway sector." This positive outlook underscores the expected synergistic potential of the merger, aiming to enhance production capabilities and market reach in an increasingly competitive industry.

This transition is not merely about regulatory hurdles; it indicates a larger strategic shift in both companies’ operational agendas. Dana has historically specialized in developing energy management solutions and propulsion systems that cater to various mobility markets worldwide. With the completion of this sale, Dana looks forward to focusing on bolstering its core business while further advancing its innovative energy solutions. The company has enjoyed significant success over the years, recording sales of approximately $7.7 billion in 2024 and employing around 28,000 individuals spread across 26 countries.

Founded in 1904, Dana has earned its reputation as a leader in efficiency and ethical corporate practices, recognized as one of the "World's Most Ethical Companies" in 2025 by Ethisphere. This track record exemplifies the company’s commitment to not just driving profits, but also fostering a responsible business model that values innovation and sustainability.

Meanwhile, Allison Transmission, established in 1915, has positioned itself as a key player in the global market for propulsion systems that cater to both commercial and defense vehicles. With a focus on fully automatic transmissions, Allison sees continued growth prospects ahead, notably in industries like construction, mining, agriculture, and defense. Having operations in over 150 countries and multiple regional headquarters worldwide, Allison is well-prepared to expand its market share with the integration of Dana's Off-Highway business.

As both Dana and Allison prepare to finalize this noteworthy transaction, they reflect on how this partnership will likely redefine their operational landscapes and provide fresh avenues for innovation and customer service. The anticipated synergies not only promise to bolster their respective market positions but also symbolize a cooperative effort to enhance productivity and long-term sustainability in the off-highway sector.

In essence, the completion of this deal signals a profound strategic evolution for Dana and Allison, paving the way for enhanced growth, expanded capabilities, and a commitment to delivering superior value to stakeholders. As they move towards the transaction's closure, the industry eagerly watches this transformative shift that could set new benchmarks in the world of propulsion and energy management solutions.