Allison Transmission Completes Acquisition of Dana Off-Highway Business

Allison already has a strong presence in the on- and off-highway equipment industry, but this acquisition will help to further enhance the solutions it can provide customers in sectors off-highway sectors like construction, agriculture and mining. Per the company's initial press release announcing the acquisition, its purchase of Dana's off-highway business aligns with strategies aimed at expanding its footprint in emerging markets and enhancing its core technologies.

Both companies offer a mix of traditional powertrain solutions, such as axles and driveshafts — which often utilize fluid power technology — and those for hybrid- and electric-powered vehicles.

Bringing Dana's drivetrain and propulsion technologies into its portfolio will enable Allison to expand its global presence as well as technical expertise. It intends to use this to create new growth opportunities and solutions which meet ever-evolving customer requirements in the mobile equipment market. 

Allison noted a number of reasons it made the acquisition in an investor call which include:

• broadened customer base
• expanded global leadership and end-market expertise
• enlarged R&D, engineering and manufacturing footprint outside North America 
• opening of adjacent, diverse and attractive end-markets, and
• inclusion of mature alternative propulsion technologies in portfolio for early adopting markets.

With the completed acquisition, the now combined company will operate under the Allison name and have two business units:

• Allison Transmission, led by Fred Bohley, President & Business Unit Leader, and
• Allison Off-Highway Drive & Motion Systems, led by Craig Price, President & Business Unit Leader.

"We are excited to welcome our new colleagues from Dana Incorporated's Off-Highway Drive & Motion Systems business to Allison," said David Graziosi, Allison Chair, President and CEO. "Together, we have an expanded market reach and broader portfolio of high-quality and reliable products, creating a global platform that will continue to deliver strong financial performance from both organic and inorganic growth. Our talented colleagues are dedicated to helping support our customers and their end users to better capitalize on the global megatrends shaping the modern industrial world."