M&A Deal Summary

Dana Acquires Nordresa Motors

On August 26, 2019, Dana acquired automotive company Nordresa Motors

Acquisition Highlights
  • This is Dana’s 4th transaction in the Automotive sector.
  • This is Dana’s 1st transaction in Canada.
  • This is Dana’s 1st transaction in Quebec.

M&A Deal Summary
Date 2019-08-26
Target Nordresa Motors
Sector Automotive
Buyer(s) Dana
Deal Type Add-on Acquisition

Target

Nordresa Motors

Laval, Quebec, Canada
Nordresa Motors, Inc. is a developer, manufacturer and commercialize electric drivetrains for commercial vehicles. Nordresa Motors is based in Laval, Quebec.

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Buyer(S) 1

Buyer

Dana

Maumee, Ohio, United States
Category Company
Founded 1904
Sector Automotive
Employees42,000
Revenue 10.6B USD (2023)
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 6 of 8
Sector (Automotive) 4 of 5
Type (Add-on Acquisition) 3 of 3
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 SME Group

Arzignano, Italy

SME Group is a designer and manufacturer of low-voltage AC induction and synchronous reluctance motors, inverters, and controls for a wide range of off-highway electric vehicle applications, including material handling, agriculture, construction, and automated-guided vehicles. SME Group was founded in 1974 and is based in Arzignano, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Pi Innovo

Plymouth, Michigan, United States

Pi Innovo LLC is a provider in embedded software solutions and electronics control units for the light vehicle, commercial vehicle, and off-highway markets. Pi Innovo was established in 2011 and is based in Plymouth, Michigan.

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Mergr

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