Dana Announces $2.7 Billion Sale of Off-Highway Division to Allison

Deal News | Jun 13, 2025 | Legal Community Italy

Dana Announces $2.7 Billion Sale of Off-Highway Division to Allison

Dana Incorporated has officially agreed to sell its Off-Highway business to Allison Transmission Holdings for $2.7 billion. This strategic divestment is valued at approximately seven times the anticipated adjusted EBITDA for 2025 for the Off-Highway division. The deal is subject to regulatory and customary closing conditions and is expected to conclude by the end of the year. EY Studio Legale Tributario provided comprehensive advisory services to Dana, covering vendor tax due diligence, tax structuring, and modeling. The legal advisory team, led by partner Fabrizio Iachini, comprised several members handling various tax aspects, including international tax, transfer pricing, VAT, and indirect taxes.

Sectors

  • Automotive
  • Legal Advisory

Geography

  • United States – Dana Incorporated and Allison Transmission Holdings are based in the United States, making it central to the transaction.
  • Italy – EY Studio Legale Tributario, the legal advisory firm assisting with the transaction, is based in Italy.

Industry

  • Automotive – The transaction involves Dana Incorporated and Allison Transmission Holdings, both of which operate in the automotive sector, particularly in vehicle component manufacturing.
  • Legal Advisory – EY Studio Legale Tributario played a significant role in providing legal and tax advisory services for the transaction.

Financials

  • $2.7 billion – The agreed sale price for Dana's Off-Highway business to Allison Transmission Holdings.
  • 7 times EBITDA – The sale price represents approximately seven times the expected adjusted EBITDA for Dana's Off-Highway division in 2025.

Participants

NameRoleTypeDescription
Dana IncorporatedSelling CompanyCompanyDana Incorporated is a global leader in providing power-conveyance and energy-management solutions for vehicles, including supplying components for automobiles, commercial trucks, and off-highway equipment.
Allison Transmission HoldingsBidding CompanyCompanyAllison Transmission Holdings is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles.
EY Studio Legale TributarioLegal and Tax AdvisorCompanyEY Studio Legale Tributario provided integrated vendor tax due diligence, tax structuring, and modeling services to Dana for the transaction.
Fabrizio IachiniPartner at EYPersonFabrizio Iachini is a partner at EY Studio Legale Tributario, leading the team that advised Dana on the sale of its Off-Highway business.