Dana to acquire power transmission, fluid power business

By |  November 21, 2016

dana_inc_logoDana Inc. will acquire the power transmission and fluid power businesses of Brevini Group. According to the agreement, Dana plans to initially purchase an 80 percent share in the Brevini businesses, with an option to purchase the remaining 20 percent by 2020. Dana has valued 100 percent of the Brevini businesses at 325 million euros, including the assumption of about 100 million euros of net debt.

According to Dana, the acquisition will expand its product portfolio with adjacent technologies and establish it as the only off-highway solutions provider that can manage the power to move equipment and perform critical work functions. The acquisition also adds technologies for tracked vehicles and provides a platform of technologies for its light- and commercial-vehicle end markets.

Dana says the acquisition aligns with its enterprise strategy, which includes leveraging core expertise, strengthening customer centricity, expanding global markets, commercializing new technologies, and accelerating hybridization and electrification.

“Brevini is a strong, well-run business that shares Dana’s commitment to serving customers with advanced technologies that deliver exceptional performance and durability,” says James Kamsickas, president and CEO of Dana. “We have long admired Brevini’s exceptional products, customer focus, and company culture, which are some of the most pertinent reasons we specifically targeted this acquisition – at this opportune time in the off-highway business cycle.”

The transaction will be funded with cash on hand, with existing Brevini debt to be refinanced in the future, Dana reports. It is expected to close in early 2017.

Dana, headquartered in Maumee, Ohio, supplies engineered drivetrain, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains. It services three primary markets, including passenger vehicle, commercial truck and off-highway equipment.

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Allison Barwacz

About the Author:

Allison Barwacz is the digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.

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