Allison Transmission Holdings has entered right into a definitive settlement to accumulate the Off-Freeway enterprise of Dana Integrated, a number one supplier of drivetrain and propulsion options, for about $2.7 billion.
This acquisition aligns with Allison’s strategic priorities to increase its rising markets footprint, improve core applied sciences and ship sturdy monetary outcomes, it says. Upon completion of the transaction, Allison will have the ability to provide a wider vary of commercial-duty powertrain and industrial options to extra prospects and finish customers worldwide.
“This acquisition marks a transformative milestone in our dedication to empowering our present and future prospects with propulsion and drivetrain options that Enhance the Approach the World Works,” David Graziosi, Allison Transmission Chair and CEO, stated. “We sit up for harnessing this momentum to extend worth for all of our stakeholders worldwide.”
Dana’s Off-Freeway enterprise operates in over 25 nations and serves a worldwide buyer base supported by roughly 11,000 workers. Offering options for a variety of purposes in development, forestry, agriculture, specialty, aftermarket, industrial and mining segments, this enterprise is recognised for its powertrain applied sciences, encompassing axles, propulsion options and drivetrain parts.
Moreover, Dana specialises in hybrid and electrical drive methods tailor-made to buyer wants and is additional distinguished by its international community of producing amenities and technical facilities, Allison stated.
At MINExpo 2024, Dana showcased options that it stated superior the electrification of cell mining gear, together with:
- A low-emission collection hybrid powertrain system for underground loaders that mixes the high-efficiency Spicer Electrified™ eSP502 powershift transmission and an engine-mounted Dana TM4™ Sumo HP generator for added productiveness;
- A zero-emission drivetrain answer for underground drill rigs incorporating a Spicer Electrified eSG101 single-speed e-Gearbox with a Dana TM4 LD HV800 motor/inverter system;
- The introduction of an built-in fan answer for alignment-free Brevini EvoMax® helical and bevel-helical gearboxes utilized in mining conveyor purposes; and
- A Dana Brevini planetary gearbox supplying torque ranges as much as 2,200 kNm for apron feeders, curler presses and different purposes.
R. Bruce McDonald, Dana Chair and CEO, stated: “Dana’s off-highway enterprise has lengthy been dedicated to delivering progressive options for off-highway purposes, and we’re assured that beneath Allison’s possession, the crew will probably be well-positioned to proceed that legacy. This settlement represents a strategic alternative to make sure the continued success of the enterprise, whereas permitting Dana to give attention to our core priorities. We sit up for seeing the off-highway enterprise thrive beneath Allison’s management.”
The mixed firm will use its expanded international presence and technical experience to understand new development alternatives and develop differentiated options that meet prospects’ evolving needs and wishes, it says.
