American Axle & Manufacturing to Acquire Dowlais in ~$1.44 Billion Cash-and-Stock Deal

Dauch Corporation Completes Acquisition of Dowlais Group plc (GKN Automotive and GKN Powder Metallurgy)

February 3, 2026

Industrial Services

Dauch Corporation has completed its previously announced acquisition of Dowlais Group plc and its subsidiaries, GKN Automotive and GKN Powder Metallurgy. The combined company will operate under a unified Dauch brand and be headquartered in Detroit, Michigan.

Allison Transmission Holdings Completes Acquisition of Dana’s Off-Highway Drive & Motion Systems Business

January 1, 2026

Industrial Services

Allison Transmission Holdings, Inc. (NYSE:ALSN) completed its $2.7 billion acquisition of Dana Incorporated’s Off-Highway business (Off-Highway Drive & Motion Systems). The deal is intended to broaden Allison’s off-highway and industrial powertrain capabilities and create a global platform headquartered in Indianapolis.

Aksa Akrilik Kimya Sanayii Acquires Dow’s 50% Stake in DowAksa Joint Venture

June 2, 2025

Manufacturing

Dow has agreed to sell its 50% ownership interest in DowAksa Advanced Composites Holdings BV to Aksa Akrilik Kimya Sanayii A.Ş., the other joint venture partner. The deal is expected to close in the third quarter of 2025, subject to regulatory approvals and other customary closing conditions.

ABC Technologies Holdings Completes Acquisition of dlhBOWLES From MPE Partners

March 7, 2022

Manufacturing

ABC Technologies Holdings Inc. completed its previously announced acquisition of dlhBOWLES, Inc. for cash consideration of approximately US$255 million. The deal expands ABC’s Fluid Management offering, process automation capabilities, and product system offering for North American automotive customers, with additional growth exposure to ADAS/EV cleaning and thermal management applications.

Gamut Capital Funds Acquire Grede U.S. Iron Casting Operations from American Axle & Manufacturing

September 18, 2019

Manufacturing

Funds managed by Gamut Capital Management agreed to acquire American Axle & Manufacturing's U.S. iron casting operations, Grede, for an aggregate purchase price of $245 million. AAM sold the business as a divestiture to streamline operations and accelerate debt reduction; Grede operates 10 U.S. foundry/manufacturing facilities serving automotive, commercial vehicle and industrial markets.

AIMCo Acquires Minority Stake in Davies Group from HGGC

January 23, 2019

Professional Services

Alberta Investment Management Corporation (AIMCo) agreed to buy a minority stake in London-based Davies Group from majority owner HGGC, with HGGC retaining majority ownership. The investment provides Davies with long-term institutional capital to support continued organic growth and expansion; the company has more than doubled revenues to $150 million and employs roughly 1,700 people across the UK, Ireland, Bermuda, the US and Canada.