DANA acquisition history

Strategic assets of the commercial vehicle steer axle systems and related forged components businesses of SIFCO S.A., a Brazilian entity that had operated under judicial restructuring since 2014. Dana acquired the assets through a Brazilian bankruptcy-court-supervised competitive auction, adding two manufacturing facilities and approximately 1,400 employees, free and clear of legacy liabilities. approximately $70 million ($10 million deferred).

Dana submitted a bid to the Brazilian bankruptcy court overseeing SIFCO's restructuring in a competitive process to acquire SIFCO's commercial vehicle steer axle systems business and its related forged components business. Dana's bid was later approved in the bankruptcy court supervised competitive auction process. Dana's acquisition of these businesses closed on December 23, 2016.Dana Incorporated 8-K — Item 8.01, December 23, 2016

The power-transmission and fluid power businesses of Brevini Group, S.p.A. of Italy. Brevini's technologies include mobile planetary hub drives; planetary gearboxes; hydraulic pumps, motors, and valves; and advanced electronic control systems. Founded in 1960, the privately held Brevini Group employed approximately 2,300 people with major engineering and manufacturing operations in China, Germany, and Italy; the businesses acquired reported sales of EUR 388 million in 2015. approximately $181 million paid at closing for 80%; 100% enterprise value placed at EUR 325 million including approximately EUR 100 million assumed net debt.

Brevini is a company we have long admired. It is a strong, well-run business that shares Dana's commitment to serving customers with advanced technologies that deliver exceptional performance and durability. Brevini's product line is a perfect complement to Dana's current offerings, which is why we executed this transaction at an opportune time in the off-highway business cycle.James Kamsickas — President and CEO, Dana Incorporated

Brevini's customers and employees will find an ideal fit with Dana, a company that delivers true value to customers through a commitment to innovation. Dana's global footprint, operational excellence, deep knowledge of the vehicular and industrial markets, and position as a top-tier supplier to manufacturers will raise the profile and market penetration of our products.Renato Brevini — President, Brevini Group

Axle housing and driveline shaft manufacturing operations of U.S. Manufacturing Corporation's Warren, Michigan facility, contributed into a newly created entity (Warren Manufacturing LLC). The business manufactures axle housings, extruded tubular products and machined components and brings proprietary tube-manufacturing processes and intellectual property for lightweight thin-wall axle tubes and hollow axle shafts using a proprietary cold-extrusion process. approximately $104 million paid at closing (including $25 million to settle prior trade payables).

The acquisition of USM's Warren operation allows us to capitalize on an important opportunity that will strengthen the supply chain for several of Dana's most strategic customers and programs. The transaction also includes process technologies that augment Dana's existing portfolio of lightweighting innovations, which assist our customers in achieving their sustainability and fuel efficiency goals.Jim Kamsickas — President and CEO, Dana Incorporated

This acquisition will also expand Dana's substantial manufacturing footprint in the U.S. and advance our strategy for developing, designing, and manufacturing products in close proximity to our customers. We look forward to welcoming USM's Warren, Michigan, employees to the Dana family.Bob Pyle — President, Dana Light Vehicle Driveline Technologies

A 55% controlling ownership interest in TM4 Inc. of Boucherville, Quebec, acquired from Hydro-Quebec. TM4 designs and manufactures motors, power inverters and control systems for electric vehicles, complementing Dana's electric gearboxes and thermal-management technologies. TM4 also held a 50% interest in PEPS (Prestolite E-Propulsion Systems Beijing). $125 million paid at closing for a 55% controlling interest.

The transaction establishes Dana as the only supplier with full e-Drive design, engineering and manufacturing capabilities, offering electro-mechanical propulsion solutions to each of our end markets.Dana FY19 10-K — Note 2 Acquisitions

A 100% ownership interest in S.M.E. S.p.A. of Italy, which designs, engineers, and manufactures low-voltage AC induction and synchronous reluctance motors, inverters, and controls for a wide range of off-highway electric vehicle applications, including material handling, agriculture, construction, and automated-guided vehicles. $88 million paid at closing ($62 million cash plus $26 million note payable).

The addition of SME's low-voltage motors and inverters, which are primarily designed to meet the evolution of electrification in off-highway equipment, significantly expands Dana's electrified product portfolio.Dana FY19 10-K — Note 2 Acquisitions

The Drive Systems segment of the Oerlikon Group, a global manufacturer of high-precision gears, planetary hub drives for wheeled and tracked vehicles, and products, controls, and software that support vehicle electrification. The deal included the Graziano and Fairfield brands, the VOCIS electronic-controls business, and Ashwoods Electric Motors, adding four research-and-development facilities and 12 manufacturing facilities. $626 million paid at closing.

Dana's acquisition of the Drive Systems segment of Oerlikon enables us to support our customers' shift toward vehicle electrification across nearly every vehicle architecture in the light vehicle, commercial vehicle, and off-highway segments. The Drive Systems business' highly talented team is also strategically positioned to give our customers access to critical manufacturing capabilities in key growth markets, such as India, China, and the United States.James Kamsickas — President and CEO, Dana Incorporated

Prestolite Electric Beijing Limited's (PEBL) 50% ownership interest in PEPS, which manufactures and distributes electric mobility solutions including electric motors, inverters, and generators for commercial vehicles and heavy machinery. Combined with Dana's existing interest through its TM4 subsidiary, the purchase gave Dana 100% ownership and a controlling financial interest. PEPS operates a state-of-the-art facility in China. $95 million total consideration ($50 million cash at closing plus $45 million fair value of previously held equity interest).

PEPS has a state-of-the-art facility in China, enabling us to expand motor and inverter manufacturing capabilities in the world's largest electric-mobility market.Dana FY19 10-K — Note 2 Acquisitions

A 100% ownership interest in Nordresa Motors, Inc. of Canada, a prominent integration and application engineering expert for the development and commercialization of electric powertrains for commercial vehicles.

The investment further enhances Dana's electrification capabilities by combining its complete portfolio of motors, inverters, chargers, gearboxes, and thermal-management products with Nordresa's proprietary battery-management system, electric powertrain controls and integration expertise to deliver complete electric powertrain systems.Dana FY19 10-K — Note 2 Acquisitions