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M&A Deal Summary

Allison Acquires Dana s Off-Highway business

On June 11, 2025, Allison acquired automotive company Dana s Off-Highway business from Dana for 2.7B USD

Acquisition Highlights
  • This is Allison’s 5th transaction in the Automotive sector.
  • This is Allison’s largest (disclosed) transaction.
  • This is Allison’s 5th transaction in the United States.
  • This is Allison’s 1st transaction in Ohio.

M&A Deal Summary
Date 2025-06-11
Target Dana s Off-Highway business
Sector Automotive
Buyer(s) Allison
Sellers(s) Dana
Deal Type Divestiture
Deal Value 2.7B USD

Target

Dana s Off-Highway business

Maumee, Ohio, United States
Dana's Off-Highway business provides solutions for a wide range of applications in construction, forestry, agriculture, specialty, aftermarket, industrial, and mining segments. Dana's Off-Highway business is based in Maumee, Ohio.

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Buyer(S) 1

Buyer

Allison

Indianapolis, Indiana, United States
Category Company
Founded 1915
Sector Automotive
Employees4,000
Revenue 3.2B USD (2024)
DESCRIPTION
Entrance to Allison Transmission's corporate headquarters in Indianapolis, Indiana.
Entrance to Allison Transmission's corporate headquarters in Indianapolis, Indiana.

Allison is a designer and manufacturer of automatic transmissions for the medium and heavy-duty commercial vehicle markets. Allison was incorporated in 1915 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 7 of 7
Sector: Automotive M&A 5 of 5
Type: Divestiture M&A Deals 3 of 3
State: Ohio M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 Avtec - Off-Highway Transmission Portfolio and Off-Highway Component Machining Business

India

Avtec's Off-Highway Transmission Portfolio and Off-Highway Component Machining Business is a provider of precision-engineered products.

Buy $27M

Seller(S) 1

SELLER

Dana

Maumee, Ohio, United States
Category Company
Founded 1904
Sector Automotive
Employees39,300
Revenue 10.3B USD (2024)
DESCRIPTION
Entrance to Dana's corporate headquarters in Maumee, Ohio.
Entrance to Dana's corporate headquarters in Maumee, Ohio.

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.

DEAL STATS #
Overall 5 of 5
Sector: Automotive M&A 4 of 4
Type: Divestiture M&A Deals 5 of 5
State: Ohio M&A 3 of 3
Country: United States M&A 5 of 5
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Modine Manufacturing Co. - Light-Vehicle Thermal Business

Racine, Wisconsin, United States

Modine Manufacturing Co.'s Light-Vehicle Thermal Business manufactures automotive products in Racine, Wisconsin.

Buy -
Mergr

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