In 2017, Dana acquired a producing facility for axle housing and propeller shafts from an American manufacturing company. The corporate plans to shut the deal to generate further income from passenger and business automobile producers and supply it with new merchandise and applied sciences to facilitate weighing.
In 2018, Dana agreed to amass the drive methods section of the Oerlikon Group, a worldwide producer of precision gears, planetary hub drives for wheel and tracked automobiles, and merchandise and software program that assist the manufacturing of electrical automobiles. The acquisition of Oerlikon Drive Techniques will carry Dana nearer to its clients in key development areas resembling China and India.
In four years, whole revenues rose 50%, from 6 billion to 9 billion, whereas earnings rose 100%, from $ 1.74 to $ 3.45 per share. Nevertheless, the automotive business is characterised by a low P / S a number of, as the quantity of revenue exceeds capitalization attributable to debt obligations, typically long-term. In Dana’s case, the whole debt is 2.6 billion, which incorporates long-term loans and company bonds with an extended maturity.