Hogan Lovells advises Eaton in pending combination with Dana

Press releases | 12 June 2026

Washington, D.C. – Global law firm Hogan Lovells is advising intelligent power management company Eaton (NYSE: ETN) on the global separation and reorganization of its Mobility Group, contemplated by Eaton’s definitive agreement with Dana Incorporated (NYSE: DAN), announced June 11, under which Eaton will separate and combine its Mobility Group with Dana in a Reverse Morris Trust (RMT) transaction creating a combined company valued at over US$10 billion.

Upon closing of the transaction, Eaton will operate a more focused portfolio concentrated on its Electrical and Aerospace businesses. The separation is expected to be immediately accretive to Eaton’s organic growth rate and operating margins upon closing. Eaton expects to deploy the approximately US$1.1 billion cash distribution from the transaction consistent with its existing capital allocation framework and priorities, including repayment of outstanding indebtedness.

“We’re very pleased to advise Eaton on the global aspects of this transformative transaction spanning more than 30 jurisdictions worldwide,” said partner Will Yavinsky. “Our support reflects the firm’s strength and ambition in the automotive and mobility sector and underscores the depth and reach of our team worldwide.”

The Hogan Lovells cross-border and cross-practice deal team is led by partner and Sector Co-Head of Automotive and Mobility Will Yavinsky (M&A, Washington, D.C.), partners Tobias Kahnert (M&A, Munich) and Lu Zhou (M&A, Beijing), Lee Berner (Real Estate, Washington, D.C.), Tobias Strohmeier (Real Estate, Düsseldorf), and Kenneth Kirschner (Employment, New York), counsel Justus Frank (Employment, Düsseldorf), senior associates Xu Xu (M&A, Beijing) and Vincent Ziller (M&A, Munich), associates Julia Malave (M&A, Washington, D.C.) and Julius Pfeiffer (M&A, Munich), foreign associate Alesya Pavlynska (M&A, Frankfurt), and visiting international lawyer Manuel Valdez (M&A, New York).

More information on the transaction can be found here.