Dana Acquires Oerlikon Drive Systems, Expands Portfolio

Dana Inc. has significantly expanded its portfolio of off-highway vehicle solutions with the completed acquisition of the automotive Drive Systems division of Oerlikon Group at the beginning of March.

With AGCO, Caterpillar, CNH Industrial, JCB and John Deere among its agricultural equipment customers, the Drive Systems division encompasses Graziano transmission solutions and Fairfield precision gears and shafts used across the on- and off-highway vehicle spectrum. Drive Systems’ potential revenues in 2017 amounted to $730 million.

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