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Dana Incorporated to Purchase Oerlikon Group Drive System Segment

Dana Incorporated (NYSE: DAN) has agreed to purchase the Drive Systems segment of Oerlikon Group (SIX: OERL), a global manufacturer of high-precision gears, planetary hub drives for wheeled and tracked vehicles and products, controls and software that support vehicle electrification across the mobility industry.

Dana will acquire Oerlikon's Drive Systems business for CHF 600 million (US$600 million).

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