After Losing Out on GKN Deal, Dana to Acquire Oerlikon Group’s Drive Systems Business

Dana Inc. is moving on from the disappointment of seeing its proposed acquisition of GKN’s Drivelines division fall through by purchasing the similar business of the Oerlikon Group instead.

Oerlikon’s Drive Systems segment is a global manufacturer of high precision gears and planetary hub drives for wheeled and tracked vehicles. It also makes products, controls and software that support vehicle electrification. The operation headquartered in Switzerland makes Oerlikon Graziano power transmission components and assemblies for…

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