# GKN agrees to merge Driveline division with Dana in $6.1bn deal

UK engineering group GKN agreed to combine its Driveline division with US auto-engineer Dana in a deal worth $6.1bn (£4.4bn), as a defence against a takeover bid from Melrose Industries. GKN shareholders would hold 47.25% of the enlarged US-listed group.

- Type: Acquisition
- Announced: 2018-03-09
- Value: $6.10B
- Status: announced
- Products: vehicle drive systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [bbc.com](https://www.bbc.com/news/business-43347847), 2018-03-09: "This combination of GKN Driveline and Dana will create a US and UK led global market leader in vehicle drive systems."

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