Dana - M&A Summary and Business Overview

AutomotiveCompany

Dana M&A Summary

Dana has acquired 8 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 4 assets.

Dana’s largest acquisition to date was in 2018, when it acquired OC Oerlikon - Drive Systems Segment for $623M. It’s largest disclosed sale occurred in 2004, when it sold Affinia Group to OMERS Private Equity for $1.0B. Dana has acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include automotive (63%) and manufacturing (13%).

Dana Business Overview

Where is Dana headquartered?

Dana is headquartered in Maumee, Ohio.

What is Dana’s revenue?

Dana disclosed revenue of 10,156M USD for 2022 and 8,945M USD for 2021.

How many employees does Dana have?

Dana has 41,800 employees.

What sector is Dana in?

Dana is an automotive company.

When was Dana founded?

Dana was founded in 1904.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity8
    • M&A Sell Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 11
  • M&A Advisors 3

Dana

Dana, Inc.

3939 Technology Drive,
Maumee, Ohio 43537
United States,
(419) 887-3000
www.dana.com

Dana is a global provider of high technology driveline (axles, driveshafts and transmissions), sealing and thermal-management products. The Company's customer base includes virtually every major vehicle manufacturer in the global light vehicle, medium/heavy vehicle and off-highway markets. Dana was incorporated 1904 and is based in Maumee, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 6 2 - - - - 8
vol $1.1B $1.1B
Sell (0.0/yr) # 4 - - - - - 4
vol $1.1B $1.1B
  12

Most Recent M&A

Company Date Value Type
Modine Manufacturing Co. - Light-Vehicle Thermal Business 2020-11-02 - Divestiture
Racine, Wisconsin
Pi Innovo LLC 2020-10-28 - Stake Purchase
Plymouth, Michigan · www.pi-innovo.com
Nordresa Motors, Inc. 2019-08-26 - Add-on Acquisition
Laval, Quebec · www.nordresa.com
SME Group 2019-01-15 - Add-on Acquisition
Arzignano, Italy · www.sme-group.com
OC Oerlikon - Drive Systems Segment 2018-11-19 623M CHF Divestiture
Rivoli, Italy
U.S. Manufacturing Corp. 2017-02-13 100M USD Add-on Acquisition
Warren, Michigan · www.usmfg.com
Dana Companies LLC 2016-12-30 92M USD Divestiture
Perrysburg, Ohio
Brevini Group S.p.A. - Power-Transmission & Fluid Power Businesses 2016-11-18 366M EUR Divestiture
Reggio Emilia, Italy
Magnum Automotive Group LLC (Magnum Gaskets) 2016-02-01 - Divestiture
Bannockburn, Illinois · www.magnumgaskets.com
The Dana Holding Corp. - Structural Components Business 2009-12-16 - Divestiture
Maumee, Ohio
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 5 (63%) 990M (91%) 3 (75%) 1.1B (100%)
Manufacturing 1 (13%) 100M (9%) 1 (25%) -
Electrical Equipment 1 (13%) - - -
Software 1 (13%) - - -
Total 8 $1.1B 4 $1.1B

By Geo

State/Country Buy Value Sell Value
United States 4 100M 4 1.1B
  Michigan 2 100M 1 1.0B
  Ohio - - 2 92M
  Illinois 1 - - -
  Wisconsin 1 - - -
  South Carolina - - 1 -
Italy 3 990M - -
Canada 1 - - -
  Quebec 1 - - -
Domestic 4 (50%) 100M (9%) 4 (100%) 1.1B (100%)
Cross-border 4 (50%) 990M (91%) - -
Total 8 $1.1B 4 $1.1B

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
1
Legal Deals
Hunton Andrews Kurth
1
Hogan Lovells
1

Deal Values

buy # Total
$100M to $1B 2 $990M
< $100M 1 $100M
TOTAL $1.1B
Largest OC Oerlikon - Drive Systems Segment
$623M (2018-11-19)
sell # Total
> $1B 1 $1.0B
< $100M 1 $92M
TOTAL $1.1B
Largest Affinia Group, Inc.
$1.0B (2004-12-06)

M&A Connections

Deals
Acquired from
Investor(s)
13%
1 (13%)
Strategic(s)
50%
4 (50%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

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