Brevini has reached a definitive agreement to sell 80% of its Power Transmission and Fluid Power Businesses to Dana Incorporated.
We are pleased to share with you an important development that Brevini has just announced.
As the attached news release indicates , Brevini Group, S.p.A. and Dana Incorporated (NYSE: DAN) have reached an agreement for Dana to purchase 80% of the Power Transmission and Fluid Power businesses of Brevini.
This acquisition will raise the profile and market penetration of Brevini technologies, leveraging on the combination of two complementary organizations, as the agreement creates a stronger, more diverse company, better able to serve the market.
We expect this transaction to close in the first quarter of 2017; until then, nothing will change in the relation with valuable customers – like you –, and we will continue to keep you informed on the status of the acquisition as developments allow. Should you have any questions regarding this subject, please reply with an email, or call me at +31 172 42 80 80.
Brevini’s priority of providing our customers with world-class products and service, both globally and locally, will not change, as well as our presence in all the market sectors we are currently serving.
Thank you for your continued confidence in Brevini.
Dennis van Arkel
Director Sales & Marketing Benelux