Eaton to Merge Mobility Division with Dana in $10 Billion Deal

Power management giant Eaton Corp. announced on June 11, 2026, that it will merge its mobility business with Dana Inc. in an all-stock transaction valuing the combined entity at approximately $10 billion, including debt. The move will allow Eaton to redirect focus toward its higher-growth electrical and aerospace segments, which are capitalizing on trends such as the AI-driven data center boom. Eaton’s mobility division includes commercial vehicle transmissions, engine components, and emissions products, while Dana contributes powertrain, thermal management, and sealing technologies. Under the terms of the deal, Eaton shareholders will retain just over 50% ownership of the new company, with Dana investors holding the remaining stake. Eaton will also receive a cash distribution of roughly $1.1 billion, subject to certain adjustments. The merger is expected to close in the coming months, pending regulatory approvals and shareholder votes. Eaton emphasized that the separation will streamline its operations, enabling sharper investment in electrical systems and aerospace solutions amid surging demand for power management infrastructure.