Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Mar. 4, 2:04 PM
| This Slide: #41 of 100 |
Slide #41. Dana Incorporated — Pi Innovo LLC
Acquirer:
Dana Incorporated (NYSE:DAN)
Acquiree:
Pi Innovo LLC
Details:
Dana Incorporated (NYSE: DAN) announced today that it has acquired Pi Innovo LLC a leader in embedded software solutions and electronic control units to support the light vehicle, commercial vehicle, and off-highway markets. Dana previously held a non-controlling interest.
Dana is engaged in providing power-conveyance and energy-management solutions for vehicles and machinery. Co.'s operating segments are: Light Vehicle Drive Systems, which include light trucks (full frame), sport utility vehicles, crossover utility vehicles, vans, and passenger cars; Commercial Vehicle Drive and Motion Systems, which include medium duty trucks, heavy duty trucks, buses, and specialty vehicles; Off-Highway Drive and Motion Systems, which iinclude construction, earth moving, agricultural, mining, forestry, material handling, and industrial stationary; and Power Technologies, which include medium/heavy vehicle market, and off-highway market.
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Avg. Broker Rec.
 
|
Buy (3.29 out of 4) 45th percentile
(ranked lower than approx. 55% of all stocks covered)
Analysts' Target Price: DAN Stock Forecast Based on Zacks ABR data; powered by Xignite |
