Business
Dana Incorporated Completes Sale of Off-Highway Business
Dana Incorporated (NYSE: DAN) today announced the completion of its previously disclosed sale of the Off-Highway business to Allison Transmission Holdings, Inc. (NYSE: ALSN; "Allison") for $2.7 billion.
About this update from Dana Incorporated
[{"type":"text","content":"MAUMEE, Ohio, Jan. 2, 2026 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced the completion of its previously disclosed sale of the Off-Highway business to Allison Transmission Holdings, Inc. (NYSE: ALSN; "Allison") for $2.7 billion.","length":260,"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":"The transaction, valued at 7.5 times the Off-Highway business's expected 2025 adjusted EBITDA, represents a significant milestone in Dana's ongoing transformation strategy.","length":180,"tagName":"p"},{"type":"text","content":""Closing this transaction marks an important step in Dana's evolution," said R. Bruce McDonald, Chairman and Chief Executive Officer of Dana. "We are now a more focused company, dedicated to serving light- and commercial-vehicle customers with both traditional and electrified systems. This divestiture, combined with the successful execution of our cost-reduction plan, will strengthen our balance sheet, improve margins, reduce complexity, and position us to accelerate innovation and growth in our core markets."","length":539,"tagName":"p"},{"type":"text","content":"The proceeds of this transaction will enable the company to reduce debt by approximately $2 billion, achieving its target net leverage of 1x over the business cycle. Additionally, the company plans to return $1 billion to shareholders through 2027, including approximately $650 million already returned since the transaction was announced—an increase of $50 million compared to the prior target.","length":395,"tagName":"p"},{"type":"text","content":"Dana extends its sincere appreciation to the talented employees of the O...