Dana Incorporated has received all regulatory approvals for the sale of its Off-Highway business to Allison Transmission, aimed at enhancing both companies' growth strategies.

Target Information

Dana Incorporated is a prominent leader in the design and manufacture of efficient propulsion and energy-management solutions, serving a variety of mobility markets globally. The company specializes in drive and motion systems, electrodynamic technologies—including software and controls—and thermal, sealing, and digital solutions, catering to nearly every vehicle manufacturer. With a history that dates back to 1904, Dana reported sales of approximately $7.7 billion in 2024, employs around 28,000 individuals across 26 countries, and has garnered recognition such as being named one of the 'World's Most Ethical Companies' for 2025.

Based in Maumee, Ohio, Dana is committed to sustainable progress through its extensive portfolio of clean-energy options and efficient solutions. Their remarkable culture emphasizes valuing others and driving innovation, which has established them as a top employer on a global scale.

Industry Overview in the United States

The off-highway vehicle industry in the United States is a critical segment, significantly contributing to economic growth and offering vital services across multiple sectors such as agriculture, cons