Allison Transmission's USD 2.7 Billion Acquisition of Dana's Off-Highway Business
Deal News | Jun 25, 2025 | CEE Legal Matters
Allison Transmission Holdings has completed a significant acquisition of Dana Incorporated’s Off-Highway business, valued at approximately USD 2.7 billion. The acquisition was supported by legal advice from Kinstellar and its Turkish affiliate KST Law, alongside Latham & Watkins. Dana Incorporated, a key player in vehicle and machinery propulsion and energy-management systems, was advised by Paul, Weiss, Rifkind, Wharton & Garrison. This strategic acquisition will likely enhance Allison Transmission’s portfolio, leveraging Dana’s established expertise in off-highway energy management. Kinstellar's Budapest team and KST Law's Istanbul team provided comprehensive counsel, showcasing a collaboration across jurisdictions.
Sectors
- Automotive & Machinery
- Legal Services
Geography
- United States – Allison Transmission Holdings is likely based here, and the primary transaction involves USD currency.
- Germany – Latham & Watkins' Dusseldorf office involvement implies connection to Germany.
- Hungary – Kinstellar’s Budapest office was involved in the transaction.
- Turkey – The affiliation with KST Law in Istanbul indicates relevance to Turkey.
Industry
- Automotive & Machinery – This sector is relevant as the article discusses the acquisition involving vehicle and machinery propulsion systems.
- Legal Services – Involvement of multiple legal firms in advising the transaction highlights the significance of legal services.
Financials
- USD 2.7 billion – Transaction value for the acquisition of Dana Incorporated’s Off-Highway business by Allison Transmission.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Allison Transmission Holdings | Buyer | Company | A company specializing in vehicle transmission systems, expanding into off-highway business. |
| Dana Incorporated | Target Company | Company | A company offering vehicle and machinery propulsion and energy-management systems. |
| Kinstellar | Legal Advisor | Company | Provided legal advice to Allison Transmission, with a team based in Budapest. |
| KST Law | Legal Advisor | Company | Turkish affiliate of Kinstellar, involved in advising Allison Transmission. |
| Latham & Watkins | Legal Advisor | Company | Provided legal counsel through their Duesseldorf office. |
| Paul, Weiss, Rifkind, Wharton & Garrison | Legal Advisor | Company | Provided legal counsel to Dana Incorporated. |