Eaton Merges Mobility Business With Dana in $10 Billion Deal (1)

Eaton Corp. agreed to merge its mobility business with Dana Inc. in a deal valuing the combined company at roughly $10 billion including debt.

The separation of the division will allow Eaton to focus on its electrical and aerospace businesses, which are benefiting from trends including the AI-driven data center boom, the power management company said Thursday.

The merger of the business with Dana will put together its commercial vehicle transmissions, engine and emissions products with the auto supplier’s powertrain, thermal and sealing technologies, Dana said. Dana is also targeting $250 million in cost savings from the transaction, which ...