Overview
- Allison said the combination creates a roughly $5.5 billion revenue enterprise with operations in 29 countries.
- The company will operate under the Allison name from Indianapolis and be organized into two business units led by Fred Bohley and Craig Price under CEO David Graziosi.
- Dana reported the sale valued the business at 7.5 times expected 2025 adjusted EBITDA.
- Dana expects to reduce debt by about $2 billion and targets $1 billion in shareholder returns through 2027, including roughly $650 million already distributed.
- Allison cited committed financing from Barclays, BofA Securities, Citigroup and JPMorgan, and both companies cautioned about integration, market and execution risks.