Dana Incorporated (DAN) Reports Acquisition of Drive Systems Segment from Oerlikon Group for Approx. $600M
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Dana to Purchase Drive Systems Segment of Oerlikon Group
July 30, 2018 12:46 AM EDTMAUMEE, Ohio, July 30, 2018 /PRNewswire/ --Â Dana Incorporated (NYSE: DAN) announced today that it has signed a definitive agreement to purchase the Drive Systems segment of the Oerlikon Group (SIX: OERL), a global manufacturer of high-precision gears; planetary hub drives for wheeled and tracked vehicles; and products, controls, and software that support vehicle electrification across the mobility industry.
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