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M&A Deal Summary

Dana Acquires Magnum Automotive Group

On February 1, 2016, Dana acquired automotive company Magnum Automotive Group from Modern Silicone Technologies

Acquisition Highlights
  • This is Dana’s 1st transaction in the Automotive sector.
  • This is Dana’s 1st transaction in the United States.
  • This is Dana’s 1st transaction in Illinois.

M&A Deal Summary
Date 2016-02-01
Target Magnum Automotive Group
Sector Automotive
Buyer(s) Dana
Sellers(s) Modern Silicone Technologies
Deal Type Divestiture

Target

Magnum Automotive Group

Bannockburn, Illinois, United States
Magnum Automotive Group LLC (Magnum Gaskets) is a provider of aftermarket gaskets and sealing products for automotive and commercial-vehicle applications.

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Buyer(S) 1

Buyer

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 1 of 8
Sector: Automotive M&A 1 of 5
Type: Divestiture M&A Deals 1 of 4
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-16 The Dana Holding - Structural Components Business

Maumee, Ohio, United States

The Dana Holding Corp. - Structural Components Business includes 9 Dana manufacturing facilities that produce structural components for chassis and body structures in light and commercial vehicles, including accompanying administrative, technical and sales centers in Argentina, Australia, Brazil and the USA.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-18 Brevini Group - Power-Transmission & Fluid Power Businesses

Reggio Emilia, Italy

Brevini Group S.p.A. - Power-Transmission & Fluid Power Businesses is a provider of automotive parts and accessories.

Buy €325M

Seller(S) 1

SELLER

Modern Silicone Technologies

Clearwater, Florida, United States
Category Company
Founded 1994
Sector Manufacturing
DESCRIPTION

Modern Silicone Technologies, Inc. is a provider of liquid silicone rubber injection molding and liquid silicone rubber over-molding onto rigid substrates.

DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
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