Green Light for Global Drive: India Clears Allison’s $2.7 Billion Acquisition of Dana’s Off-Highway Business

India’s Competition Commission has officially approved Allison Transmission Holdings Inc.’s acquisition of Dana Incorporated’s Off-Highway business, marking a major regulatory milestone in the $2.7 billion global transaction. The clearance paves the way for Allison to expand its industrial and commercial powertrain footprint across emerging markets, including India.

 

Key Highlights

Allison Transmission to acquire Dana’s Off-Highway business for $2.7 billion

 

India’s competition regulator grants approval, joining other jurisdictions in greenlighting the deal

 

The acquisition includes drivetrain, propulsion, and hybrid-electric systems used in construction, mining, agriculture, and forestry

 

Dana’s Off-Highway unit operates in over 25 countries with 11,000 employees and a robust manufacturing network

 

Allison aims to integrate the business by Q4 2025, with expected annual synergies of $120 million

 

The deal is expected to be immediately accretive to Allison’s earnings and will significantly enhance its product portfolio in off-highway applications. Dana, meanwhile, will use the proceeds to streamline its focus on on-highway light and commercial vehicle systems, reduce debt, and return capital to shareholders.

 

India’s approval is particularly strategic given the country’s growing demand for industrial mobility solutions and infrastructure development. The acquisition will allow Allison to offer a broader range of propulsion technologies tailored to India’s evolving needs, including hybrid and electric drive systems.

 

With regulatory hurdles now cleared, Allison is set to begin integration planning, ensuring continuity for customers, suppliers, and employees across geographies.

 

Sources: Allison Transmission Newsroom, Dana Incorporated Press Release