# 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.

- Type: Acquisition
- Announced: 2018-07-30
- Where: Maumee, Ohio, United States
- Value: $600.0M (600.0M CHF)
- Status: announced
- Products: high-precision gears, planetary hub drives, electrification technologies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Dana Incorporated](https://endata.com/companies/369.md) (acquirer)
- [Oerlikon](https://endata.com/companies/7876.md) (target)

## Sources

- [dana.com](https://www.dana.com/newsroom/press-releases/dana-to-purchase-drive-systems-segment-of-oerlikon-group/), 2018-07-30: "A great fit culturally, this investment will deliver significant long-term value by accelerating our commitment to vehicle electrification"

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