# Dana to combine with GKN's Driveline division in merger creating Dana plc

Dana signed definitive agreements to combine with GKN plc's Driveline division into a new UK-domiciled Dana plc. GKN plc receives $1.6 billion cash, assumption of about $1.0 billion pension liabilities and 133 million new shares valued at about $3.5 billion.

- Type: Acquisition
- Announced: 2018-03-09
- Value: $3.50B
- Status: announced
- Products: vehicle drive systems, driveline systems, electric propulsion eDrive
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Dana Incorporated](https://endata.com/companies/369.md) (acquirer)
- [GKN plc](https://endata.com/companies/2944.md) (partner)

## Sources

- [dana.com](https://www.dana.com/newsroom/press-releases/dana-announces-agreement-to-combine-with-gkns-driveline-division/), 2018-03-09: "The total consideration is composed of $1.6 billion in cash proceeds to GKN plc, the assumption of approximately $1.0 billion of net pension liabilities, and 133 million new Dana plc shares."

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