Dana completes acquisition of Oerlikon's Drive Systems segment

Dana Incorporated completed the acquisition of Oerlikon Group's Drive Systems segment, including Graziano and Fairfield brands, for CHF 600 million (approximately $600 million). The acquisition agreement was signed in July 2018.

“The newly added Drive Systems unit will widen Dana's product offering with high-precision helical gears for light and commercial vehicles.”nasdaq.com

• 1 source
• nasdaq.comDana Expands Portfolio With Acquisition of Oerlikon's Segment | NasdaqZacksMar 1, 2019

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