Allison Transmission to acquire Off-Highway business of Dana Incorporated for $2.7bn.

Allison Transmission, a designer and manufacturer of propulsion solutions for commercial and defense vehicles, agreed to acquire Off-Highway business of Dana Incorporated, a provider of drivetrain and propulsion solutions, for $2.7bn. “This acquisition marks a transformative milestone in our commitment to empowering our current and future customers with propulsion and drivetrain solutions that Improve the Way the World Works. We look forward to harnessing this momentum to increase value for all of our stakeholders worldwide,” David Graziosi, Allison Transmission Chair and CEO.