Dana-Eaton Mobility merger creates a global powertrain leader
Jun 11, 2026, 6:35 AM EDT3 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The combination creates a larger, more diversified powertrain platform with meaningful run-rate synergies and elevated 2030 targets, supporting a potential re-rating, though integration risk remains.
AI summary
What happened, with direct paths to the underlying reporting
Dana and Eaton Mobility will combine via a Reverse Morris Trust, aiming for a ~$10B enterprise value. The deal accelerates Dana's 2030 targets to $14-15B in sales and ~18% EBITDA, with $250M run-rate synergies within 24 months. Success depends on integration, regulatory approvals, and sustaining margin expansion across a larger global platform.
Dana to merge with Eaton Mobility via Reverse Morris Trust; ~$10B EV.
Combined 2026 pro forma sales around $11B. $250M run-rate synergies within 24 months.
Eaton Mobility valued at ~$5.1B; combined EV over $10B.
Dana 2030 targets raised to $14-15B revenue; ~18% EBITDA; 8-9% FCF.
Closing expected Q1 2027; governance includes Dana leadership and Eaton designees.
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