Dana completes $2.73B sale of off-highway business to Allison Transmission

DANA Inc

Purchase price of $2.732B in cash; multiple of 7.5x expected 2025 adjusted EBITDA.
Proceeds to reduce debt by ~$2B, targeting net leverage of 1x over business cycle.
Plans to return $1B to shareholders through 2027; $650M already returned since announcement.
Dana becomes more focused on light- and commercial-vehicle traditional and electrified systems.
Transaction closed Jan 1, 2026; Goldman Sachs & Morgan Stanley were financial advisors.

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