Dana to Sell Off-Highway Business to Allison Transmission for $2.7 Billion

Paul, Weiss is advising Dana Incorporated, a leading provider of drivetrain and propulsion solutions, in the approximately $2.7 billion sale of its off-highway business to Allison Transmission Holdings Inc. Dana's off-highway business provides industry-leading powertrain technologies to the construction, forestry, agriculture, specialty, aftermarket, industrial and mining segments, operating in over 25 countries. The deal is expected to close late in the fourth quarter of 2025, pending customary regulatory approvals.

The Paul, Weiss team is led by corporate partners Andrew Krause, Kyle Seifried and Scott Barshay, and includes partners David Huntington, Thomas de la Bastide, Joseph Friedman and Judie Ng Shortell and counsel David Sobel and Nathan Mitchell; intellectual property partners Bonnie Chen and Claudine Meredith-Goujon and counsel Matthew Rosenberg; executive compensation partners Christopher Gonnella and Jean McLoughlin; antitrust partners Richard Pepper, Scott Sher and Katharine Haigh and counsel Todd Hahn; tax partners Reuven Garrett, Timothy Lowe and Cian O’Connor; real estate partner Salvatore Gogliormella; environmental partner Stefanie Gitler and counsel William O’Brien; and litigation counsel Audrey Paquet.