Key Takeaways Allison to buy Dana's Off-Highway business for $2.7B to broaden its industrial offerings. The Off-Highway unit made up 27% of Dana's 2024 revenues and operates in over 25 countries. ALSN expects $120M in annual synergies and aims to close the cash-and-debt deal by Q4 2025.Allison Transmission Holdings, Inc. (ALSN) has entered into an agreement with Dana Inc. (DAN) to acquire its Off-Highway business for approximately $2.7 billion. The unit to be acquired manufactures mobile drivetrains and m ...

INDIANAPOLIS, June 11, 2025 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN) today announced it has entered into a definitive agreement to acquire the Off-Highway business of Dana Incorporated, a leading provider of drivetrain and propulsion solutions, for approximately $2.7 billion.  Allison Transmission Holdings Inc. (NYSE: ALSN) today announced it has entered into a definitive agreement to acquire the Off-Highway business of Dana Incorporated, a leading provider of drivetrain and propu ...