Allison Transmission Expands Global Powertrain Market with Dana Acquisition
Allison Transmission Gains Traction in Powertrain Market
Allison Transmission Holdings Inc., based in Indianapolis, has announced a significant move to fortify its position in the global powertrain sector. The company has entered a definitive agreement to acquire the Off-Highway business segment from Dana Incorporated for roughly $2.7 billion. This transaction is set to enhance Allison's already robust capabilities in drivetrain solutions.
Strategic Expansion and Financial Impact
The acquisition is perfectly aligned with Allison's strategic objectives aimed at broadening its footprint in emerging markets, refining core technologies, and ensuring consistent financial performance. This acquisition allows Allison to significantly expand its offerings, providing a broader range of powertrain and industrial solutions to a worldwide customer base.
David Graziosi, the Chair and CEO of Allison Transmission, highlighted the acquisition as a transformative milestone, emphasizing that it empowers both current and future customers with advanced propulsion and drivetrain technologies that
Topics Business Technology）
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