Category: Markets
Published: 2026-06-22T21:32:00.000Z
Eaton Corporation plc announced an agreement with Dana to separate and combine its mobility business, valuing Eaton's Mobility Group at approximately $5.1 billion. The transaction is expected to close in Q1 2027 and will allow Eaton to focus on its electrical and aerospace businesses, while the new combined entity, Dana Inc., anticipates achieving $250 million in cost synergies. Eaton will receive about $1.1 billion in cash, and the deal is seen as a significant step in Eaton's 2030 growth strategy.
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