Industrial Machineryworld trade 2024+4.5% 5Y CAGR
Nov 18, 2016ACQUISITIONReggio Emilia, Italy Dana to buy power-transmission and fluid power businesses of Brevini Group
Dana Incorporated agreed to purchase an initial 80% stake in the power-transmission and fluid power businesses of Italy's Brevini Group, with an option for the remaining 20% by 2020. The 100% value is set at €325 million including about €100 million of net debt; closing is expected in early 2017.
Value
$344.5M (325.0M EUR)
Productspower-transmission systemsfluid power systemsoff-highway driveline systems
“Dana has valued 100 percent of the Brevini businesses at €325 million, including the assumption of approximately €100 million of net debt.”dana.mediaroom.com
- 3 sources
- dana.mediaroom.comDana to Purchase Power-Transmission, Fluid Power Businesses of Brevini Group - Nov 18, 2016Nov 18, 2016
- powermotiontech.comDana Inc. Acquires Brevini Group Businesses | Power & Motion TechDec 29, 2016
- au.marketscreener.comDana Incorporated completed the acquisition of 80% stake in Brevini Fluid Power S.p.A. and Brevini Power Transmission S.p.A. from Brevini Group S.p.A. for $362 million. | MarketScreener AustraliaJan 31, 2017
Summarized from public sources; check the original articles before acting on it.
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