DAN - Dana Divests European Hydraulics Business To HPI Group To Streamline Portfolio | Benzinga
Dana Incorporated (NYSE:DAN) said on Wednesday that it is planning to sell its European hydraulics business to HPI Group, a hydraulics business jointly held by Apogee Group and EiM Capital.
The deal encompasses operations in Italy, France, and Germany, manufacturing industrial components like hydraulic motors, pumps, valves, and power packs.
“The sale of our European hydraulics production facilities allows us to focus on industrial system sales while having access to a broader portfolio through a supply agreement,” said Jeroen Decleer, senior vice ...