Dana to combine with Eaton's Mobility unit in $5.1 billion deal
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Dana Incorporated Announces Agreement to Combine with Eaton's Mobility Business, Strengthens Dana's Position as a Leading Global Powertrain Systems Provider
June 11, 2026 6:30 AM EDTCreates a premier, global powertrain leader focused on commercial and light vehicles with approximately $11 billion in sales and approximately $1.7 billion adjusted EBITDA (approximately 15% adjusted EBITDA margin) on a fully synergized, pro forma 2026 estimated basisValues Eaton Mobility at approximately $5.1 billion and the combined company at over $10 billion in enterprise valueCombined company expected to achieve $250 million of run-rate synergies within 24 months following closingFinancially compelling combination effected through a Reverse Morris Trust transaction resulting in Eaton shareholders... More
