Allison Transmission Holdings Inc. is acquiring Dana Incorporated’s Off-Highway business for approximately $2.7 billion, enhancing its market position in propulsion solutions for diverse vehicle applications.

Information on the Target

Allison Transmission Holdings Inc. (Allison) is a prominent designer and manufacturer of propulsion solutions tailored for both commercial and defense vehicles. As the largest global producer of medium- and heavy-duty fully automatic transmissions, Allison is committed to enhancing operational efficiency across various sectors. Its products are utilized in a wide array of applications, including on-highway vehicles such as distribution trucks, refuse collection vehicles, construction machinery, and emergency vehicles. Additionally, Allison serves the bus and recreational vehicle markets, along with off-highway equipment used in energy, mining, construction, agriculture, and defense sectors.

The company is known for its innovative approach to developing propulsion systems that drive performance improvements, making them vital contributors to the global transportation landscape. Allison's extensive product line reinforces its strategic position in the industry, helping customers optimize their operations and achieve greater productivity.

Industry Overview in the Target’s Specific Country

The U.S. automotive industry has been undergoing a significant transformation, driven by advancements in technology and an increasing focus on sustainability. With growing environmental concerns, there is a notable shift toward electric and hybrid vehicl