Business
Dana and Allison Announce All Required Regulatory Approvals Received for Off-Highway Business Transaction
Dana Incorporated (NYSE: DAN) and Allison Transmission Holdings, Inc. (NYSE: ALSN) today announced that all required regulatory approvals related to the previously announced sale of Dana's Off-Highway business to Allison have been received. The parties intend to close the transaction at or near the end of this year.
About this update from Dana Incorporated
[{"type":"text","content":"MAUMEE, Ohio and INDIANAPOLIS, Nov. 19, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) and Allison Transmission Holdings, Inc. (NYSE: ALSN) today announced that all required regulatory approvals related to the previously announced sale of Dana's Off-Highway business to Allison have been received. The parties intend to close the transaction at or near the end of this year.","length":387,"tagName":"p"},{"type":"image","alt":"Dana Incorporated logo. (PRNewsFoto/Dana Incorporated)","displaySize":"","headline":null,"caption":"Dana Incorporated logo. (PRNewsFoto/Dana Incorporated)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":215,"url":"https://media.zenfs.com/en/prnewswire.com/3856c16d931eb9184bc663b0ee1588ae"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/wpF8NPc6DCCxAKmlRh0L0A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM3OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/3856c16d931eb9184bc663b0ee1588ae","width":400,"height":215}},"href":"https://mma.prnewswire.com/media/460745/dana_incorporated_logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""This milestone marks a significant step forward in our transformation strategy," said R. Bruce McDonald, Chairman and Chief Executive Officer of Dana. "Finalizing this transaction with Allison, a company well-positioned to continue the success of our Off-Highway business, has enabled us to return $600 million to shareholders this year and positions us to reduce debt by approximately $2 billion next year."","length":429,"tagName":"p"},{"type":"text","content":"David S. Graziosi, Chairman and Chief Executive Officer of Allison Transmission, added, "We look forward to welcoming the Off-Highway Drive and Motion Systems team and integrating their capabilities into the organization. This acquisition aligns with our long-term growth strategy and strengthens our position in the global off-highway market."","length":354,"tagName":"p"},{"type":"text","content":"The transaction is targeted to close at or near the end of this year, subject to final customary closing procedures.","length":116,"tagName":"p"},{"type":"text","content":"About Dana Incorporated Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and ma...