Dana completes purchase of Brevini

*** News Release ***

Contact: Dennis van Arkel
Sales & Marketing Dana Brevini Benelux
+31 172 428080
Dennis.vanarkel@brevini.com

Dana completes Purchase of Brevini Power-Transmission and Fluid Power
businesses

The combination of Brevini and Dana Off-Highway creates a formidable player in the
market with complementary, advanced technologies
REGGIO EMILIA, Italy, Feb. 2, 2017 – Dana Incorporated (NYSE: DAN) announced
that it has completed the acquisition of the power-transmission and fluid power
businesses of Brevini Group, S.p.A. The transaction closed yesterday, Feb. 1.

The combination of Brevini into Dana’s business creates numerous opportunities
for profitable growth. Among them, the acquisition:
-immediately expands Dana’s product portfolio and establishes the
company as the only solutions provider that can manage power
conveyance to move machines and also perform the work functions of the
machine;
– increases Dana’s addressable market for off-highway driveline systems by
providing access to tracked vehicles in that segment;
– significantly broadens the opportunities in the industrial market – an
important segment that Dana has served for more than 70 years;
– provides a platform of proven technologies that can be offered to Dana’s
on-highway customers; and
-accelerates Dana’s hybridization and electrification initiatives.

Customers of both companies will benefit from the combination of two
complementary organizations, as the agreement creates a stronger, more diverse
company, better able to serve their needs.

“Our industry is going through a period of change. The combination of Brevini and
Dana creates a formidable player in this dynamic market” said Renato Brevini,
president of Brevini Group S.p.A. “Our customers and employees will find an ideal
fit with Dana, a company that delivers true value through a commitment to
innovation. Dana’s global footprint, operational excellence, deep knowledge of the
vehicular and industrial markets, and position as a top-tier supplier to
manufacturers will raise the profile and market penetration of our products. This is
the beginning of a new era,” concluded Mr. Brevini, “and it will be well represented
by the new Dana-Brevini logo, already visible on all our major manufacturing
plants.”

Dana purchased an 80 percent share in the Brevini businesses, with an option to
purchase the remaining 20 percent by 2020.

“Brevini is a company we have long admired. It is a strong, well-run business that
shares Dana’s commitment to serving customers with advanced technologies that
deliver exceptional performance and durability,” said James Kamsickas, president
and chief executive officer of Dana. “Brevini’s product line is a perfect complement
to Dana’s current offerings, which is why we executed this transaction at an
opportune time in the off-highway business cycle.”

“Brevini’s product portfolios will help us to increase Dana content on construction,
mining, material-handling, and other off-highway equipment,” said Aziz Aghili,
president of Dana Off-Highway Drive and Motion Technologies. At the same time, it
expands our opportunities in the industrial market, which has been an important
sector for both Dana and Brevini for decades and will be further developed.”
Brevini’s technology portfolio increases the patents and patents pending for Dana’s
off-highway business by 33 percent.

Samenwerking ready-to-start Dana_Brevini_beeld

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