DANA acquired Nakata S.A. Industria e Comercio, structured as Acquisition of a 98-percent share of the capital of Nakata S.A. Industria e Comercio in 1998, accounted for as a purchase..
Nakata S.A. Industria e Comercio operates in Chassis / Suspension components (tie rods, ball joints), is based in Brazil. Nakata and its subsidiaries were among the leading Brazilian manufacturers of suspension components, such as tie rods and ball joints. In 1998 Dana acquired a 98-percent share of the company's capital, expanding its South American aftermarket and vehicular-component operations.
Add a leading Brazilian suspension-components manufacturer to strengthen Dana's presence in the South American vehicular and aftermarket markets.
Advisory firms were not disclosed for this transaction.