Eaton to combine Mobility Group with Dana in $5.1 billion deal

Eaton entered a definitive agreement to separate and combine its Mobility Group with Dana Incorporated in a Reverse Morris Trust transaction valued at over $10 billion, with Eaton's Mobility Group valued at approximately $5.1 billion. Eaton will receive about $1.1 billion cash distribution and Eaton shareholders will own at least 50.1% of the combined company.

“We are pleased to have reached this agreement, which delivers significant value to Eaton and its shareholders, and represents a major milestone in Eaton's 2030 growth strategy.”eaton.com

• 2 sources
• eaton.comEaton Advances 2030 Growth Strategy with Announcement to Combine Mobility Group with Dana IncorporatedJun 11, 2026
• barchart.comEaton Advances 2030 Growth Strategy with Announcement to Combine Mobility Group with Dana IncorporatedEatonJun 11, 2026

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