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Dana to acquire Oerlikon Drive Systems for CHF 600M · Endata

◂ Announcements

Jul 30, 2018ACQUISITIONMaumee, Ohio, United States

Dana to acquire Oerlikon Drive Systems for CHF 600M

Dana Incorporated has signed a definitive agreement to purchase the Drive Systems segment of Oerlikon Group for CHF 600 million (approximately $600 million). The acquisition is expected to close in late 2018 or Q1 2019.

Value

$600.0M (600.0M CHF)

Status

Announced

Productshigh-precision gearsplanetary hub driveselectrification technologies

CompaniesDana Incorporated acquirer Oerlikon target

Sectors#Automotive Components #Industrial Machinery

“A great fit culturally, this investment will deliver significant long-term value by accelerating our commitment to vehicle electrification”dana.com

1 source
dana.comDana to Purchase Drive Systems Segment of Oerlikon GroupJul 30, 2018

Summarized from public sources; check the original articles before acting on it.

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