Oerlikon sells Drive Systems Unit to Dana for $603.3 million

Updated December 4, 2018

Earlier in the week, Dana Incorporation made an announcement that it has signed an agreement to buy the drive systems segment of the Oerlikon Group.

Oerlikon, a Swiss manufacturer has 3 segments, Manmade Fibers Segment, Drive Systems Segment and Surface Solutions Segment which produces high precision gears, planetary hub drives, and many other components.

Dana has made a strategic acquisition of the drive system unit for acceleration of hybridization and electrification. The terms of the agreement state that  Dana Inc. would purchase the unit for 600 million Swiss francs($603.3 million). According to Maumee, an Ohio-based company, the acquisition is expected to close during the first quarter of 2019.

This acquisition would benefit  Dana Inc. in many ways to extend its current technology portfolio. Dana can now have a portfolio of planetary hub drives for tracked and wheeled vehicles and also have helical gears for light and commercial vehicles markets.

Dana Inc. is over a century old and has sales of over $7.2 billion which provides gears and other products to the automotive, transport, agriculture, energy industries and construction industries.

Oerlikon has around 5900 employees in 10 manufacturing and engineering facilities in the United States, United Kingdom, China, India, and Italy. The company also has 2 more facilities which are under construction in China.



Tags: , , ,

Eric Ott
About Eric Ott

I have loved cars for as long as I can remember. I grew up on Hotwheels, die-cast model cars, Midnight Club and Forza. I've been shooting cars and car meets as a hobby for a couple of years now which you can find here: I spend most of my time editing most of the posted content for AutoWise but I do occasionally write articles as well. '07 Ford Ranger – 2012 Mazda3 Hatchback – 2016 Subaru Crosstrek

The President of USA announces Chinese rollback of auto tariffs

Volvo Cars Tech Fund Officially Invests In the start-up Freewire


Citroen appoints Ed Hickin as new head of business sales


Porsche, the first German automaker to quit making diesel vehicles

“The Monza”, retro-styled supercars to be launched by Ferrari on October 2nd


Indian government exempts all permits for  electric and alternative fuel vehicles


Daimler CEO outlines its electric car plans at the Mercedes EQC unveil


Toyota reveals the Touring Sports version of the Corolla

Ford Lincoln dealerships

Ford is looking to cut 12% of Jobs and end production of many of its vehicles in Europe


Bugatti sold out 40 units of the $5.8 million supercar just after its reveal

At Autowise, we envision ourselves as not just a automobile blog or an automobile news website, instead we see our website as a platform to connect all automobile enthusiast and provide them with all the information they need.

Office Address: AutoWise, 809 N 30th St. Rogers, AR 75756

© Copyright 2010 - 2018 AutoWise. All rights reserved.