Business
Allison Transmission Completes Acquisition of Dana Incorporated's Off-Highway Drive & Motion Systems Business, Creating a Premier, Global Industrial Leader
Allison Transmission Holdings, Inc. (NYSE: ALSN, "Allison", "the Company") today announced it has completed its acquisition of the Off-Highway Drive & Motion Systems business of Dana Incorporated, a leading provider of drivetrain and propulsion solutions, for approximately $2.7 billion. The combination of industry-leading products and advanced technologies will accelerate Allison's growth and broaden the Company's position as a global provider of commercial duty mobility and work solutions that
About this update from Allison Transmission Holdings, Inc.
[{"type":"text","content":"Combined company to form $5.5 billion revenue global enterprise with operations spanning 29 countries","length":101,"tagName":"p","attribs":{}},{"type":"text","content":"Global footprint positioned to meet growing demand for advanced high-performance mobility and work solutions across infrastructure, energy, agriculture, construction and national security","length":187,"tagName":"p","attribs":{}},{"type":"text","content":"INDIANAPOLIS, Jan. 2, 2026 /PRNewswire/ -- Allison Transmission Holdings, Inc. (NYSE: ALSN, "Allison", "the Company") today announced it has completed its acquisition of the Off-Highway Drive & Motion Systems business of Dana Incorporated, a leading provider of drivetrain and propulsion solutions, for approximately $2.7 billion. The combination of industry-leading products and advanced technologies will accelerate Allison's growth and broaden the Company's position as a global provider of commercial duty mobility and work solutions that Improve the Way the World Works.","length":607,"tagName":"p"},{"type":"text","content":""We are excited to welcome our new colleagues from Dana Incorporated's Off-Highway Drive & Motion Systems business to Allison," said David Graziosi, Allison Chair, President and CEO. "Together, we have an expanded market reach and broader portfolio of high-quality and reliable products, creating a global platform that will continue to deliver strong financial performance from both organic and inorganic growth. Our talented colleagues are dedicated to helping support our customers and their end users to better capitalize on the global megatrends shaping the modern industrial world."","length":616,"tagName":"p"},{"type":"text","content":"The combined company will be headquartered in Indianapolis, Indiana, USA, and led by Graziosi. The company will operate under the Allison name and be comprised of two business units. Allison Transmission will be led by Fred Bohley, President & Business Unit Leader, and Allison Off-Highway Drive & Motion Systems will be led by Craig Price, President & Business Unit Leader. Both Bohley and Price will report to Graziosi, and Bohley will continue to serve as Allison's Chief Operating Officer. Business unit leadership will be located around the world, reflecting the global nature of the busi...