Allison Transmission Holdings Inc. has announced a definitive agreement to acquire Dana Incorporated's Off-Highway business for approximately $2.7 billion. The acquisition is part of Allison's strategic plan to expand its presence in emerging markets, enhance core technologies, and deliver strong financial results. This move will enable Allison to offer a wider range of powertrain and industrial solutions worldwide. The acquisition is expected to immediately boost Allison's earnings per share and generate annual run-rate synergies of about $120 million. The transaction, approved by both companies' Boards of Directors, is anticipated to close in the fourth quarter of 2025, pending regulatory approvals.