The Competition Commision of India has approved acquisition of Dana Incorporated’s off-highway business by Allison Transmission Holdings, Inc.

The proposed combination relates to the acquisition of Dana Incorporated’s (Dana) off-highway business (Dana OH) by Allison Transmission Holdings, Inc. (Allison).

Allison designs and manufactures vehicle propulsion solutions, transmissions, and electrified propulsion systems. Most of Allison’s products are used in commercial vehicles (i.e. on-highway applications), with only a small portion of them being used in off-highway vehicles (e.g., vehicles used in construction, forestry, mining, agriculture, and other industrial applications). Allison is headquartered in Indianapolis, Indiana, the United States of America (USA) and has a presence in more than 150 countries. Allison has one subsidiary in India, i.e., Allison Transmission India Private Limited.

Dana OH specialises in the manufacture and supply of off-highway drivetrain, transmissions, and propulsion solutions, serving a diverse range of industries. Dana OH operates in over 25 countries and with a global customer base. Dana OH has manufacturing facilities in several countries. In India, Dana has three subsidiaries which are part of the Proposed Transaction, i.e., Graziano Trasmissioni India Private Limited, Dana India Private Limited and Dana India Technical Centre Private Limited.

Detailed order of the Commission will follow.

Merger approval: acquisition of Dana's off highway business by Allison allowed, noting commercial overlaps and Indian subsidiaries. The Competition Commission of India authorised Allison Transmission Holdings' acquisition of Dana Incorporated's off highway business, covering Dana OH's off highway drivetrain, transmission and propulsion activities and three Indian subsidiaries; the approval addresses the cross border combination, the parties' complementary on highway and off highway product lines, and their respective global presences.