DANA acquired GKN plc cardan-jointed propeller shaft business, structured as Acquisition of GKN plc's cardan-jointed propeller shaft business in January 2000, accounted for as a purchase..
GKN plc cardan-jointed propeller shaft business operates in Driveshaft / Driveline, is based in Europe (GKN plc, United Kingdom). Dana acquired the cardan-jointed propeller shaft (driveshaft) business of GKN plc in January 2000, expanding its driveshaft product lines. The transaction was separate from a related joint venture Dana and GKN discussed to develop advanced driveline systems for all-wheel and four-wheel-drive vehicles.
Broaden Dana's driveshaft product portfolio with cardan-jointed propeller shafts.
Advisory firms were not disclosed for this transaction.