Apogee

Dana Inc. has entered a definitive agreement to sell its European hydraulics business to HPI Group, a hydraulics business jointly held by Apogee Group and EiM Capital; completion is expected later.

JTEKT Corporation agreed to sell its French industrial hydraulic components division HPI Industrial to EiM Capital and Apogee, following a December 2021 put option; the deal is subject to employee consultation and expected to complete in the first half of 2022.