Dana acquires Oerlikon Drive Systems
Dana Incorporated (NYSE: DAN) has signed an agreement to acquire the Drive Systems Segment from OC Oerlikon (SIX: OERL). The transaction is expected to be closed in late 2018 or the first quarter 2019, subject to customary approvals and closing conditions.
Based on nearly 100 years of experience, Oerlikon Drive Systems is a global leader in providing high-performance gears, market-leading shifting solutions, power transfer units, differentials and planetary drives, as well as innovative solutions for hybrids and e-drives.
Walder Wyss advised Dana as Swiss legal advisor in this transaction. The team was led by Urs P. Gnos (Partner, Corporate/M&A) and Markus Vischer (Partner, Corporate/M&A) and included Samuel Lieberherr (Managing Associate, Corporate/M&A), Nico Bernhard (Associate, Corporate/M&A), Jenny Süess (Associate, Corporate/M&A), Simone Wetzstein (Associate, Employment), Christine Leuch (Associate, IPIT), Benno Fischer (Associate, IPIT), Lea Altermatt (Trainee, Corporate/M&A) and Anissa Kern (Trainee, Corporate/M&A).