Allison Transmission Holdings has completed its acquisition of the Off-Highway Drive & Motion Systems business of Dana Incorporated, provider of drivetrain and propulsion solutions, for approximately $2.7 billion.
The combination of products and technologies will accelerate Allison’s growth and broaden the company’s position as a global provider of commercial duty mobility and work solutions among which in agriculture.
“We are excited to welcome our new colleagues from Dana Incorporated’s Off-Highway Drive & Motion Systems business to Allison,” said David Graziosi, Allison Chair, President and CEO. “Together, we have an expanded market reach and broader portfolio of our products.”
The combined company will be headquartered in Indianapolis, Indiana, USA, and led by Graziosi. The company will operate under the Allison name and be comprised of two business units. Allison Transmission will be led by Fred Bohley, President & Business Unit Leader, and Allison Off-Highway Drive & Motion Systems will be led by Craig Price, President & Business Unit Leader. Business unit leadership will be located around the world, reflecting the importance of local insights for customers and stakeholders. Collectively, these changes allow Allison to better serve an expanded customer base with more local sourcing, production and service via a deeper pool of engineering and technological expertise.
