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).
© 2019 Gale Media, Inc.
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
The 2018 Top Distributors List
This free PDF includes lists of top distribution companies across 14 sectors.
You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.
Download the Free PDF now >>
MDM Update: Daily Newsletter
Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox.
Sign-up for MDM Update >>