Auto components maker Dana (DAN.N) on Wednesday said it has agreed to sell its off-highway business to Allison Transmission (ALSN.N) for $2.7 billion.
The off-highway unit makes mobile drivetrain and motion systems for construction, agriculture, material handling, mining, forestry equipment and industrial applications.
The transaction is expected to close late in the fourth quarter of 2025, pending customary regulatory approvals.
