Dana Inc.’s CHF600 million acquisition of Drive Systems Segment from OC Oerlikon


Dana Incorporated (NYSE: DAN) has signed an agreement to acquire the Drive Systems Segment from OC Oerlikon for CHF600 million.

Under the terms of the agreement, Dana will acquire Oerlikon’s Drive Systems business for CHF 600 million (approximately $600 million).

The transaction is expected to be closed in late 2018 or the first quarter 2019, subject to customary approvals and closing conditions.

Based on nearly 100 years of experience, Oerlikon Drive Systems is a global leader in providing high-performance gears, market-leading shifting solutions, power transfer units, differentials and planetary drives, as well as innovative solutions for hybrids and e-drives.

Goldman Sachs & Co. LLC acted as financial advisor to Dana for this transaction. Citi provided committed financing to Dana for the transaction. Maven Global provided additional advisory services.

Walder Wyss advised Dana as Swiss legal advisor in this transaction. The team was led by Urs P. Gnos (Partner, Corporate/M&A, in picture) and Markus Vischer (Partner, Corporate/M&A) and included Samuel Lieberherr (Managing Associate, Corporate/M&A), Nico Bernhard (Associate, Corporate/M&A), Jenny Süess (Associate, Corporate/M&A), Simone Wetzstein (Associate, Employment), Christine Leuch (Associate, IPIT), Benno Fischer (Associate, IPIT), Lea Altermatt (Trainee, Corporate/M&A) and Anissa Kern (Trainee, Corporate/M&A).

Involved fees earner: Urs Gnos – Walder Wyss Ltd.; Markus Vischer – Walder Wyss Ltd.; Samuel Lieberherr – Walder Wyss Ltd.; Nico Bernhard – Walder Wyss Ltd.; Jenny Süess – Walder Wyss Ltd.; Lea Altermatt – Walder Wyss Ltd.; Anissa Kern – Walder Wyss Ltd.; Christine Leuch – Walder Wyss Ltd.; Benno Fischer – Walder Wyss Ltd.; Simone Wetzstein – Walder Wyss Ltd.;

Law Firms: Walder Wyss Ltd.;

Clients: Dana Inc.;