Allison Transmission Finalizes Major Dana Off-Highway Acquisition

An announcement from Allison Transmission Holdings ( (ALSN) ) is now available.

On January 1, 2026, Allison Transmission Holdings completed its $2.732 billion acquisition of Dana Incorporated’s Off-Highway Drive & Motion Systems business, creating a combined enterprise with about $5.5 billion in revenue and operations across 29 countries, and on January 2, 2026 it announced related financing moves, including a $250 million increase and extension of its revolving credit facility to $1 billion maturing in 2031 and the addition of a new $1.2 billion term loan maturing in 2033 to help fund the deal and support general corporate purposes. The acquisition materially broadens Allison’s product portfolio and global footprint in off-highway and industrial mobility markets, reorganizes the company into two global business units under the Allison name, and brings in former Dana executive Craig M. Price as President and Business Unit Leader of the new Allison Off-Highway Drive & Motion Systems unit under a long-term incentive- and severance-backed employment arrangement, underscoring the strategic importance of integrating Dana’s off-highway operations and leadership to drive growth and enhance competitiveness across key end markets such as infrastructure, energy, agriculture, construction and national security.

The most recent analyst rating on (ALSN) stock is a Buy with a $115.00 price target. To see the full list of analyst forecasts on Allison Transmission Holdings stock, see the ALSN Stock Forecast page.

Spark’s Take on ALSN Stock

According to Spark, TipRanks’ AI Analyst, ALSN is a Outperform.

Allison Transmission Holdings’ overall stock score reflects strong valuation and strategic corporate actions, despite challenges in revenue growth and market conditions. The company’s robust profitability and cash flow generation, coupled with strategic acquisitions, position it well for future growth. However, technical indicators suggest caution due to overbought conditions.

To see Spark’s full report on ALSN stock, click here.

More about Allison Transmission Holdings

Allison Transmission Holdings, Inc. is a global leader in high‑performance mobility and work solutions, operating through two business units: Allison Transmission and Allison Off-Highway Drive & Motion Systems. Headquartered in Indianapolis, Indiana, the company manufactures drivetrain and propulsion-related technologies serving infrastructure, mining, energy, agriculture, construction, transportation and national security sectors, and generates revenue in more than 150 countries, positioning it as a key supplier to commercial-duty and industrial customers worldwide.

Average Trading Volume: 948,259

Technical Sentiment Signal: Strong Buy

Current Market Cap: $8.15B

Find detailed analytics on ALSN stock on TipRanks’ Stock Analysis page.