Dana Inc Acquires Brevini Group

Dana To Purchase 80 % Of Brevini's Power Transmission and Fluid Power Businesses
Dana Inc., Maumee, Ohio, recently announced the acquisition of Brevini's Fluid Power and Tranmission Groups of Brevini SpA,  Reggio Emilia The acquisition will immediately expand Dana’s product portfolio with adjacent technologies and establish Dana as the only off-highway solutions provider that moves the equipment and performs its critical work functions. It adds technologies for tracked vehicles, and provides a platform of proven technologies that can be leveraged in Dana’s light and commercial-vehicle end markets, helping to accelerate the company’s hybridization and electrification initiatives
Under the terms of the agreement, Dana plans to initially purchase an 80% share in the Brevini power transmission and fluid power businesses, with an option to purchase the remaining 20% share by 2020; the purchase does not include Brevini’s wind power business. The purchase is subject to customary regulatory approvals, and it is expected to close in early 2017.