Dana completes purchase of Brevini power-transmission and fluid power businesses

Dana Incorporated completed the acquisition of 80% of the power-transmission and fluid power businesses of Brevini Group, with an option for the remaining 20% by 2020. The 100% value was set at EUR 325 million including about EUR 100 million of net debt, funded with cash on hand.

“Dana purchased an 80 percent share in the Brevini businesses, with an option to purchase the remaining 20 percent by 2020.”dana.com

• 2 sources
• dana.comDana Completes Purchase of Brevini Power-Transmission, Fluid Power BusinessesFeb 2, 2017
• prnewswire.comDana Showcases Full Value of Integration with Brevini at CONEXPO-CON/AGGMar 7, 2017

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