Eaton’s Mobility Group valued at $5.1bn in merger
Eaton and Dana have signed a deal to combine Eaton’s Mobility Group with Dana, valuing the combined business at over $10bn.
The combination will bring together Eaton Mobility’s commercial vehicle transmissions and Dana’s global powertrain technologies.
Eaton’s existing shareholders will own at least 50.1% of the combined entity, while Dana shareholders will hold approximately 49.9%.
Eaton is set to receive a cash distribution of roughly $1.1bn, subject to adjustments.