Dana - M&A Summary and Business Overview

AutomotiveCompany

Dana M&A Summary

Dana has acquired 8 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 5 assets.

Dana’s largest acquisition to date was in 2018, when it acquired OC Oerlikon - Drive Systems Segment for $623M. It’s largest disclosed sale occurred in 2025, when it sold Dana - Off-Highway business to Allison Transmission Holdings for $2.7B. Dana has acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include automotive (63%) and electrical equipment (13%).

Dana Business Overview

Where is Dana headquartered?

Dana is headquartered in Maumee, Ohio.

What is Dana’s revenue?

Dana disclosed revenue of 10,284M USD for 2024 and 10,555M USD for 2023.

How many employees does Dana have?

Dana has 39,300 employees.

What sector is Dana in?

Dana is an automotive company.

When was Dana founded?

Dana was founded in 1904.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity8
    • M&A Sell Activity5
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 12
  • M&A Advisors 7

Dana

Dana, Inc.

3939 Technology Drive,
Maumee, Ohio 43537
United States,
(419) 887-3000
www.dana.com

Dana is a global provider of high technology driveline (axles, driveshafts and transmissions), sealing and thermal-management products. The Company's customer base includes virtually every major vehicle manufacturer in the global light vehicle, medium/heavy vehicle and off-highway markets. Dana was incorporated 1904 and is based in Maumee, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.0/yr) # 8 - - - - - 8
vol $1.1B $1.1B
Sell (0.2/yr) # 4 - - - - 1 5
vol $1.1B $2.7B $3.8B
  13

Most Recent M&A

Company Date Value Type
Dana - Off-Highway business 2025-06-11 2.7B USD Divestiture
Maumee, Ohio
Modine Manufacturing Co. - Light-Vehicle Thermal Business 2020-11-02 - Divestiture
Racine, Wisconsin
Pi Innovo LLC 2020-10-28 - Stake Purchase
Plymouth, Michigan · www.pi-innovo.com
Nordresa Motors, Inc. 2019-08-26 - Add-on Acquisition
Laval, Quebec · www.nordresa.com
SME Group 2019-01-15 - Add-on Acquisition
Arzignano, Italy · www.sme-group.com
OC Oerlikon - Drive Systems Segment 2018-11-19 623M CHF Divestiture
Rivoli, Italy
U.S. Manufacturing Corp. 2017-02-13 100M USD Add-on Acquisition
Warren, Michigan · www.usmfg.com
Dana Companies LLC 2016-12-30 92M USD Divestiture
Perrysburg, Ohio
Brevini Group S.p.A. - Power-Transmission & Fluid Power Businesses 2016-11-18 366M EUR Divestiture
Reggio Emilia, Italy
Magnum Automotive Group LLC (Magnum Gaskets) 2016-02-01 - Divestiture
Bannockburn, Illinois · www.magnumgaskets.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 5 (63%) 990M (91%) 4 (80%) 3.8B (100%)
Manufacturing 1 (13%) 100M (9%) 1 (20%) -
Electrical Equipment 1 (13%) - - -
Software 1 (13%) - - -
Total 8 $1.1B 5 $3.8B

By Geo

State/Country Buy Value Sell Value
United States 4 100M 5 3.8B
  Michigan 2 100M 1 1.0B
  Ohio - - 3 2.8B
  Wisconsin 1 - - -
  Illinois 1 - - -
  South Carolina - - 1 -
Italy 3 990M - -
Canada 1 - - -
  Quebec 1 - - -
Domestic 4 (50%) 100M (9%) 5 (100%) 3.8B (100%)
Cross-border 4 (50%) 990M (91%) - -
Total 8 $1.1B 5 $3.8B

Top M&A Advisors

Financial Deals
Ernst & Young Capital Advisors
1
Citi
1
Goldman Sachs
1
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison
1
Hogan Lovells
1
Hunton Andrews Kurth
1

Deal Values

buy # Total
$100M to $1B 2 $990M
< $100M 1 $100M
TOTAL $1.1B
Largest OC Oerlikon - Drive Systems Segment
$623M (2018-11-19)
sell # Total
> $1B 2 $3.7B
< $100M 1 $92M
TOTAL $3.8B
Largest Dana - Off-Highway business
$2.7B (2025-06-11)

M&A Connections

Deals
Acquired from
Investor(s)
13%
1 (13%)
Strategic(s)
50%
4 (50%)
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

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