M&A Deal Summary

Dana Acquires OC Oerlikon - Drive Systems Segment

On November 19, 2018, Dana acquired automotive company OC Oerlikon - Drive Systems Segment from Oerlikon for 600M CHF

Acquisition Highlights
  • This is Dana’s 3rd transaction in the Automotive sector.
  • This is Dana’s 0th largest (disclosed) transaction.
  • This is Dana’s 2nd transaction in Italy.

M&A Deal Summary
Date 2018-11-19
Target OC Oerlikon - Drive Systems Segment
Sector Automotive
Buyer(s) Dana
Sellers(s) Oerlikon
Deal Type Divestiture
Deal Value 600M CHF

Target

OC Oerlikon - Drive Systems Segment

Rivoli, Italy
OC Oerlikon - Drive Systems Segment is a provider of gear, drive and shifting solutions. With over 90 years of experience, one of the Segment’s core competencies is its in-house engineering and manufacturing expertise in developing innovative solutions, which can be anything from a custom-engineered synchronizer ring to a seamlessly integrated powertrain from the engine to the wheel.

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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 4 of 8
Sector (Automotive) 3 of 5
Type (Divestiture) 3 of 4
Country (Italy) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-13 U.S. Manufacturing

Warren, Michigan, United States

U.S. Manufacturing is a manufacturer and supplier of extruded tubular products and machined components to the automotive industry. U.S. Manufacturing was formed in 1964 and is based in Warren, Michigan.

Buy $100M
FOLLOWING 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 -

Seller(S) 1

SELLER

Oerlikon

Pfäffikon, Switzerland
Category Company
Founded 1907
Sector Machinery
Employees12,620
Revenue 2.7B CHF (2023)
DESCRIPTION

OC Oerlikon Corporation AG is an industrial group specializing in machine and plant engineering. OC Oerlikon was founded in 1907 and is based in Pfäffikon, Switzerland.

DEAL STATS #
Overall 4 of 4
Sector (Automotive) 1 of 1
Type (Divestiture) 4 of 4
Country (Italy) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-30 citim

Barleben, Germany

citim GmbH is a service provider for additive layer manufacturing of plastic and metal parts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 INglass

San Polo Piave, Italy

INglass with its molds division and the HRSflow hot runner systems division provides engineering and consultancy services for plastics parts. The company supports the customer right from the first design stages and injection molding simulation to the after-sales support. INglass was established in 1987 and is headquartered in San Polo Piave, Italy.

Buy -
Mergr

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