Dana Incorporated Announces Agreement to Combine with Eaton's Mobility Business, Strengthens Dana's Position as a Leading Global Powertrain Systems Provider

Eaton Advances 2030 Growth Strategy with Announcement to Combine Mobility Group with Dana Incorporated

Dana to combine with Eaton mobility unit in $5.1 billion deal

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.

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Dana-Eaton Mobility merger creates a global powertrain leader

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