Automotivelogistics: Dana merges Eaton Mobility spin off as suppliers navigate bumpy road ahead

Published by automotivelogistics.media

Dana said in its latest financial update that the transaction remains on track to close in the first quarter of 2027.Source: Dana

The deal, which will create a combined powertrain supplier with around $11 billion in annual sales, is now moving towards regulatory and shareholder approvals as the companies begin preparations for integration. Dana has also provided further details on the financing, cost reductions and manufacturing efficiencies expected from the combination.

The new combined company, which will operate as Dana Incorporated, will provide drivetrain, propulsion, electrification and power management equipment for global commercial and light vehicles including combustion, hybrid and pure electric versions. The merger will provide OEMs with an expanded portfolio of drivetrain, propulsion and electrification products and services from one source. 

Eaton said the business will benefit from increased scale, $250m of annual cost savings and greater diversification across customers, geographies and end markets.