# 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.

- Type: Acquisition
- Announced: 2026-06-11
- Value: $5.10B
- Status: announced
- Products: vehicle drivetrain and mobility components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Eaton](https://endata.com/companies/2829.md)
- [Dana Incorporated](https://endata.com/companies/369.md) (partner)

## Sources

- [eaton.com](https://www.eaton.com/us/en-us/company/news-insights/news-releases/2026/eaton-mobility-group-enters-agreement-to-combine-with-dana.html), 2026-06-11: "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."
- [barchart.com](https://www.barchart.com/press-releases/2416577/eaton-advances-2030-growth-strategy-with-announcement-to-combine-mobility-group-with-dana-incorporated), 2026-06-11: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.