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Mergers & AcquisitionsMedium•29 June 2026•

1 min read

Allison Transmission Buys Dana Off-Highway for $2.7 Billion

Key Facts

1Allison Transmission announced its acquisition of Dana's Off-Highway segment for $2.7 billion.

2Management targets $120 million in synergies and expects 2026 EBITDA of $1.6–$1.7 billion.

In a move to strengthen its position as a global drivetrain player, Allison Transmission (ALSN), according to reports, announced the acquisition of Dana's Off-Highway segment for $2.7 billion. Management targets $120 million in cost synergies and expects 2026 EBITDA to reach $1.6–$1.7 billion, prompting analysts to assign a 'Buy' rating to the stock.

The deal represents a strategic shift for Allison, creating a diversified global platform spanning construction, agriculture, mining, industrial, and on-highway markets. This diversification is expected to reduce cyclical volatility and unlock new growth avenues, particularly as Allison leverages Dana's existing distribution channels.

In recent trading, ALSN shares closed at $119.84 (close June 26, 2026), retreating from the session high of $123.39. Investors are now focused on the integration execution and the achievement of stated synergy targets; next quarter's results could serve as a key catalyst in the absence of directly related calendar events.