Dana acquires Dana Brevini power-transmission and fluid power businesses

03 April, 2017

The acquisition immediately expands Dana’s product portfolio and establishes the company as a provider that can manage power conveyance to move machines and also perform the work functions of the machine.

The acquisition also increases Dana’s addressable market for off-highway driveline systems by providing access to tracked vehicles in that segment, and significantly broadens the opportunities in the industrial market – an important segment that Dana has served for more than 70 years.

Additionally, the acquisition provides a platform of proven technologies that can be offered to Dana’s on-highway customers; and accelerates Dana’s hybridisation and electrification initiatives.

Greater strength and diversity

Customers of both companies will benefit from the combination of two complementary organisations, as the agreement creates a stronger, more diverse company, better able to serve their needs.

“Our industry is going through a period of change. The combination of Dana Brevini and Dana creates a formidable player in this dynamic market” said Renato Dana Brevini, president of Dana Brevini Group S.p.A. “Our customers and employees will find an ideal fit with Dana, a company that delivers true value through a commitment to innovation. Dana’s global footprint, operational excellence, deep knowledge of the vehicular and industrial markets, and position as a top-tier supplier to manufacturers will raise the profile and market penetration of our products. This is the beginning of a new era,” concluded Mr. Dana Brevini, “and it will be well represented by the new Dana-Dana Brevini logo, already visible on all our major manufacturing plants.”

Dana purchased an 80% share in the Dana Brevini businesses, with an option to purchase the remaining 20% by 2020.