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UCLA Study Links Scar Healing to Dangerous Placenta Condition
LOS ANGELES, California, Jan. 3 (TNSjou) -- The UCLA Health issued the following news release:
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UCLA study links scar healing to dangerous placenta condition
Researchers find that collagen plays a key role in placenta accreta spectrum (PAS), affecting 14,000 pregnancies annually
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Placenta accreta spectrum (PAS) used to be a rare pregnancy condition, but it now affects roughly 14,000 pregnancies annually, posing a major cause of maternal death. Yet why it happens is still not well understood. Placenta accreta occurs when the placenta grows too deeply into the uterine wall, and doesn't
... Show Full Article
LOS ANGELES, California, Jan. 3 (TNSjou) -- The UCLA Health issued the following news release:
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UCLA study links scar healing to dangerous placenta condition
Researchers find that collagen plays a key role in placenta accreta spectrum (PAS), affecting 14,000 pregnancies annually
*
Placenta accreta spectrum (PAS) used to be a rare pregnancy condition, but it now affects roughly 14,000 pregnancies annually, posing a major cause of maternal death. Yet why it happens is still not well understood. Placenta accreta occurs when the placenta grows too deeply into the uterine wall, and doesn'tdetach after birth, often resulting in life-threatening bleeding and a need for a hysterectomy.
The strongest and most common risk factor is a previous cesarean delivery, as scarring from prior cesarean births can change how the placenta attaches in future pregnancies. New research led by UCLA Health suggests that how this scar tissue heals could be the key to better understand how PAS develops, who is at risk and why the placenta attaches abnormally.
"Our findings show that the main problem in placenta accreta isn't the placenta growing abnormally - it's how uterine scarring changes the structure and organization of collagen in the uterus to increase delivery risks," said Yalda Afshar, MD, associate professor of obstetrics and gynecology in the division of maternal fetal medicine at the David Geffen School of Medicine at UCLA, co-director of the UCLA Health Accreta Care Program and corresponding author of the study.
The study, published in the American Journal of Obstetrics and Gynecology (https://www.ajog.org/article/S0002-9378(25)00664-7/fulltext), used surgical specimens, a mouse model, and a lab-grown "accreta-in-a-dish" system to explore how collagen structure, when it becomes tangled or irregular, instead of neatly aligned, contributes to abnormal placental attachment. Through advanced 3D imaging, researchers found that tangled or irregular collagen at old uterine scars breaks down the normal boundary between the uterus and placenta, creating a permissive environment for abnormal placental attachment, and creating a high-risk delivery.
Researchers collected samples from 13 patients with PAS and 10 with accreta risk factors but without PAS, taking tissue from where the placenta stuck and where it did not. Their findings showed that persistent inflammation and immune cells called macrographes interfere with normal scar remodeling, leading to abnormal collagen architecture that promotes abnormal placenta attachment.
"Not all scars heal the same way," Afshar said. "This work helps explain why some patients with prior cesarean develop placenta accreta while other do not and points to new ways we might identify risk earlier, before pregnancy or early in gestation."
Article: Placenta accreta spectrum: disrupted collagen architecture at a previous scar is a defining characteristic of placental adherence, Kashani Ligumsky, Lior et al. American Journal of Obstetrics & Gynecology, Volume 233, Issue 6, S645 - S661.e1.
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Original text here: https://www.uclahealth.org/news/release/ucla-study-links-scar-healing-dangerous-placenta-condition
[Category: Medical]
South Carolina Regulators Approve Proposals That Improve Reliability, Reduce Hurricane Helene Cost Impact on Duke Energy Customer Bills
CHARLOTTE, North Carolina, Jan. 3 -- Duke Energy issued the following news release:
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South Carolina regulators approve proposals that improve reliability, reduce Hurricane Helene cost impact on Duke Energy customer bills
* Targeted investments have hardened the grid against storms and upgraded existing power plants to maximize efficiency
* Tax credits and financing Helene costs will help mitigate energy bill changes beginning in 2026
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Beginning in January, Duke Energy will implement changes to customer bills that reflect investments made to recover from the historic damage from Hurricane
... Show Full Article
CHARLOTTE, North Carolina, Jan. 3 -- Duke Energy issued the following news release:
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South Carolina regulators approve proposals that improve reliability, reduce Hurricane Helene cost impact on Duke Energy customer bills
* Targeted investments have hardened the grid against storms and upgraded existing power plants to maximize efficiency
* Tax credits and financing Helene costs will help mitigate energy bill changes beginning in 2026
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Beginning in January, Duke Energy will implement changes to customer bills that reflect investments made to recover from the historic damage from HurricaneHelene, strengthen the grid against storms and outages, maintain and upgrade its power generating fleet, and serve a growing customer base while supporting economic growth in South Carolina.
Our view: "Duke Energy is committed to meeting the expectations our customers have around reliability, responsiveness and value - striking the right balance that delivers these at the lowest possible cost for customers," said Tim Pearson, Duke Energy's South Carolina president. "That means investing in what matters, delivering results efficiently, and remaining transparent about what customers are paying for and why."
The Public Service Commission of South Carolina (PSCSC) recently approved these updates for customers of Duke Energy Carolinas (DEC) and Duke Energy Progress (DEP), the company's two utilities in the state.
Recovering from Helene: Securitization - selling low-interest, long-term bonds - is one way Duke Energy can generate savings and keep costs lower for customers while also recovering large and unexpected expenses like those that resulted from Hurricane Helene. The PSCSC recently approved a securitization plan that will save DEC customers more than $140 million on Helene expenses.
* Beginning in January, a typical residential DEC customer using 1,000 kilowatt-hours (kWh) of electricity per month will see a new storm charge on bills reflecting a 3.2% increase, or $4.58. This modest increase still delivers 20% savings for customers over the recovery period compared to traditional cost recovery methods.
"We appreciate the legislature providing tools like securitization to address extreme storm costs as we continue to pursue ways to reduce these impacts on customer bills," Pearson said.
Powering growth, driving reliability: Duke Energy has made investments in the things our customers expect: upgrades to strengthen the grid, improve reliability and storm resilience, and maintain and upgrade our generation fleet. These investments are already in place and delivering benefits to South Carolina, from faster restoration times to improved reliability and operational efficiency.
* For example, as part of ongoing grid upgrades, Duke Energy has nearly tripled the number of South Carolina customers served by self-healing technology over the past two years, with more than 70% of customers now benefiting from this innovative automated power restoration tool.
"Meeting the needs of our customers means prioritizing investments that enhance the grid while also minimizing the cost impact for customers," Pearson said. "For example, Duke Energy's nuclear units are expected to generate hundreds of millions of dollars of annual tax credits in the coming years - savings that will be passed to our customers beginning in 2026."
Bottom line: The PSCSC recently approved comprehensive agreements between diverse groups of stakeholders that will apply these tax credits to bills and include shareholder-funded contributions to residential customers, helping to mitigate the impacts of recent infrastructure investments on customer bills over the next two years.
* DEP: Beginning Feb. 1, monthly electric bills for typical DEP residential customers using 1,000 kWh per month will increase about $11.20 a month - from $153.82 per month to $165.02.
* DEC: Beginning March 1, monthly electric bills for typical DEC residential customers using 1,000 kWh per month will increase about $0.84 a month - from $148.02 per month to $148.86 (this includes the securitization charge previously mentioned).
DEC serves about 680,000 households and businesses primarily in Upstate and north central South Carolina, including Greenville, Anderson and York counties, while DEP serves about 177,000 customers in the Pee Dee region and northeastern South Carolina, including Sumter, Florence and Darlington counties. If approved by regulators in 2026, the proposed combination of the two utilities would save customers in the Carolinas more than $1 billion in future costs.
Helping customers manage costs: "Customers expect us to manage our costs, but they also want options to manage their own energy usage and give them tools to impact their own bills," Pearson said. "That's why we're helping customers lower their energy use - and lower their bills - through programs that make a measurable difference."
* Across the Carolinas, Duke Energy's aggressive energy efficiency programs deliver annual savings 150% better than the national average. Improving efficiency benefits all customers by reducing costs for the entire system. In South Carolina, the company recently increased the incentives of many of these programs, expanding ways customers can save money.
* Learn more about these programs and other ways Duke Energy helps customers manage their energy bills at duke-energy.com/SeasonalSavings.
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Duke Energy Carolinas
Duke Energy Carolinas, a subsidiary of Duke Energy, owns 20,800 megawatts of energy capacity, supplying electricity to 2.9 million residential, commercial and industrial customers across a 24,000-square-mile service area in North Carolina and South Carolina.
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Duke Energy Progress
Duke Energy Progress, a subsidiary of Duke Energy, owns 13,800 megawatts of energy capacity, supplying electricity to 1.8 million residential, commercial and industrial customers across a 28,000-square-mile service area in North Carolina and South Carolina.
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Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.
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Original text here: https://news.duke-energy.com/releases/south-carolina-regulators-approve-proposals-that-improve-reliability-reduce-hurricane-helene-cost-impact-on-duke-energy-customer-bills
[Category: BizEnergy]
Regulators Approve 3-Year Hawaiian Electric Wildfire Safety Strategy
HONOLULU, Hawaii, Jan. 3 -- Hawaiian Electric issued the following news release:
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Regulators approve 3-year Hawaiian Electric Wildfire Safety Strategy
The Public Utilities Commission (PUC) has approved Hawaiian Electric's expanded Wildfire Safety Strategy, which calls for deploying new technology, fortifying infrastructure, minimizing fire hazards and expanding community partnerships to significantly reduce the risk of a wildfire started by utility equipment.
The 260-page decision and order by the PUC concludes that the Hawaiian Electric plan "reasonably can be expected to reduce wildfire
... Show Full Article
HONOLULU, Hawaii, Jan. 3 -- Hawaiian Electric issued the following news release:
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Regulators approve 3-year Hawaiian Electric Wildfire Safety Strategy
The Public Utilities Commission (PUC) has approved Hawaiian Electric's expanded Wildfire Safety Strategy, which calls for deploying new technology, fortifying infrastructure, minimizing fire hazards and expanding community partnerships to significantly reduce the risk of a wildfire started by utility equipment.
The 260-page decision and order by the PUC concludes that the Hawaiian Electric plan "reasonably can be expected to reduce wildfirerisk" and emphasizes the requirement for continuous improvement and adoption of metrics for tracking progress against targets and expenditures through 2027.
"We appreciate the PUC's thorough review and approval of this comprehensive plan for the safety of our communities. This work is already underway and we're working with many government agencies and community partners who are all focused on doing their parts to address the ongoing risk of wildfires," said Jim Alberts, Hawaiian Electric senior vice president and chief operations officer.
The expanded wildfire safety strategy (PUC Docket 2025-0156) approved by the PUC identifies key initiatives including:
* Ongoing grid hardening, asset inspections and vegetation management focused on areas with medium to high risk of ignition
* Installing more weather stations, hazard-detection cameras, creating a wildfire-focused Watch Office and implementation of an operational wildfire risk model to inform real-time decision making and management of the company's Public Safety Power Shutoff (PSPS) program
* Ongoing engagement with stakeholders and communities
In a separate docket, the PUC is considering the overall $480 million cost of the 3-year Wildfire Safety Strategy, about one-third of which is already funded through existing programs, including a federal grant for grid resilience received in 2024.
Approximately two-thirds of the cost will go toward capital investments in upgraded physical infrastructure, with one-third for operations and maintenance, such as equipment inspections and trimming and removal of thousands of hazardous trees.
Hawaiian Electric first created its wildfire safety plan 2019. It was updated in 2023 in the months after the August 2023 windstorm and wildfires on Maui. The enhanced plan underscores the recent emergence of extreme weather events as requiring a coordinated effort by many organizations and supportive public policy to keep communities safe.
In a related action, the PUC issued a study that analyzes the need for a recovery fund to compensate victims of a future catastrophic wildfire. The study, to be presented to the legislature, found "that a wildfire recovery fund is likely warranted in the future, but should not be established until other interconnected issues and decisions are resolved."
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Original text here: https://www.hawaiianelectric.com/regulators-approve-3-year-hawaiian-electric-wildfire-safety-strategy
[Category: BizEnergy]
Qualcomm's Snapdragon Digital Chassis Powers New Toyota RAV4, Delivering Unbeatable In-Vehicle Experiences
SAN DIEGO, California, Jan. 3 -- Qualcomm, a developer and innovator of advanced wireless technologies, products and services, issued the following news release on Jan. 2, 2026:
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Qualcomm's Snapdragon Digital Chassis Powers New Toyota RAV4, Delivering Unbeatable In-Vehicle Experiences
Highlights:
* New Toyota RAV4 now available with Snapdragon Digital Chassis for personalization and immersive infotainment.
* Powered by next-generation Snapdragon Cockpit platform, the RAV4 delivers advanced safety, convenience, and real-time connected features.
*
Qualcomm Technologies, Inc. announced
... Show Full Article
SAN DIEGO, California, Jan. 3 -- Qualcomm, a developer and innovator of advanced wireless technologies, products and services, issued the following news release on Jan. 2, 2026:
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Qualcomm's Snapdragon Digital Chassis Powers New Toyota RAV4, Delivering Unbeatable In-Vehicle Experiences
Highlights:
* New Toyota RAV4 now available with Snapdragon Digital Chassis for personalization and immersive infotainment.
* Powered by next-generation Snapdragon Cockpit platform, the RAV4 delivers advanced safety, convenience, and real-time connected features.
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Qualcomm Technologies, Inc. announcedtoday that the newly launched Toyota RAV4 will be powered by Qualcomm Technologies' cutting-edge Snapdragon(R) Digital Chassis(TM) solution. Through this technology collaboration, the new Toyota RAV4s will utilize a next-generation Snapdragon(R) Cockpit Platform - a key component of the Snapdragon Digital Chassis - to deliver premium in-vehicle experiences, providing a personalized, intuitive, and seamlessly connected driving experience.
The Snapdragon Cockpit platform, with advanced artificial intelligence (AI) capabilities, enables high-resolution displays, intuitive touch interfaces, and responsive voice-activated controls--enhancing the overall user experience.
"We are excited to partner with Toyota to integrate our Snapdragon Digital Chassis into the new RAV4," said Mark Granger, vice president, product management, Qualcomm Technologies, Inc. "By leveraging our next-generation Snapdragon Cockpit platform, Toyota is delivering an elevated driving experience that combines personalization, immersive infotainment, and connectivity. This collaboration brings advanced capabilities and safety innovations designed to make every journey smarter, more intuitive, and more secure for RAV4 drivers and passengers."
For more information on the RAV4, please login here (https://global.toyota/en/newsroom/toyota/42758168.html) or on the Snapdragon Digital Chassis site here (https://www.qualcomm.com/automotive/solutions/snapdragon-digital-chassis).
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About Qualcomm
Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Building on our 40 years of technology leadership in creating era-defining breakthroughs, we deliver a broad portfolio of solutions built with our leading-edge AI, high-performance, low-power computing, and unrivaled connectivity. Our Snapdragon(R) platforms power extraordinary consumer experiences, and our Qualcomm Dragonwing(TM) products empower businesses and industries to scale to new heights. Together with our ecosystem partners, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies. At Qualcomm, we are engineering human progress.
Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patents are licensed by Qualcomm Incorporated.
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Original text here: https://www.qualcomm.com/news/releases/2026/01/qualcomm-s-snapdragon-digital-chassis-powers-new-toyota-rav4--de
[Category: BizElectronic Products]
NFL Christmas Gameday on Netflix Scores Again With the Lions-Vikings Becoming the Most-Streamed NFL Game in US History
LOS GATOS, California, Jan. 3 -- Netflix, an Internet television network provider, issued the following news:
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NFL Christmas Gameday on Netflix Scores Again With the Lions-Vikings Becoming the Most-Streamed NFL Game in US History
* Netflix scored again with NFL Christmas Gameday, as its second game, the Lions-Vikings, became the most-streamed NFL game in US history with an average of 27.5 million viewers in the US, according to Nielsen Big Data + Panel.
* The Cowboys-Commanders game averaged 19.9M US viewers.
* Netflix has now distributed the top three most-streamed NFL games in US history.
... Show Full Article
LOS GATOS, California, Jan. 3 -- Netflix, an Internet television network provider, issued the following news:
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NFL Christmas Gameday on Netflix Scores Again With the Lions-Vikings Becoming the Most-Streamed NFL Game in US History
* Netflix scored again with NFL Christmas Gameday, as its second game, the Lions-Vikings, became the most-streamed NFL game in US history with an average of 27.5 million viewers in the US, according to Nielsen Big Data + Panel.
* The Cowboys-Commanders game averaged 19.9M US viewers.
* Netflix has now distributed the top three most-streamed NFL games in US history.
* Snoop's Holiday Halftime Party in the Lions-Vikings game brought in an average of 29M viewers in the US, with US viewership of NFL Christmas Gameday on Netflix peaking at over 30M viewers during the halftime show, according to Nielsen Big Data + Panel.
* Viewers from over 200 countries and territories tuned in to at least one of the games, with the Cowboys-Commanders drawing a 22.4 million global AMA and the Lions-Vikings garnering a 30.5 million global AMA.
* This year, NFL Christmas Gameday drove more than 632M global owned social impressions, with Snoop's Holiday Halftime Party driving over 100M impressions on Christmas Day. Additionally, Lions-Vikings was the most socially consumed sporting event on Christmas Day.
* Netflix's Christmas Day games dominated social conversation all day on X in the US, Mexico, Brazil and Spain. In the US, #NFLonNetflix trended at #1 alongside other top trends Vikings, Jared Goff, Deebo Samuel and KaVontae Turpin. During Snoop's Holiday Halftime Party, Snoop was the #1 trend in the US along with Andrea Bocelli, Lainey Wilson and Duck Hodges.
* AMA viewership figures are based on National Nielsen Big Data + Panel in the US, which includes out-of-home viewing, CBS local market viewing, NFL+, and mobile and web viewing across Netflix. International data is based on Netflix Live + 1 first-party data for TV, mobile, and web, along with NFL-reported viewing for the NFL's international distributors and NFL Game Pass outside of the US. The NFL sources TV data from Futures and Game Pass is first-party.
* CBS Sports produced the games, with NFL Media producing the pre- and post-game, and studio halftime programming. EverWonder Studio executive-produced NFL Christmas Gameday.
* This year marked the second of a three-season partnership between Netflix and the NFL to broadcast NFL football games on Christmas Day.
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Original text here: https://about.netflix.com/en/news/nfl-christmas-gameday-on-netflix-scores-again-with-the-lions-vikings
[Category: Media]
Dinsmore Elevates 16 Attorneys to Partnership, Elects Seven to Board of Directors, Names New Department Chairs
CINCINNATI, Ohio, Jan. 3 -- Dinsmore and Shohl, a law firm, issued the following news release:
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Dinsmore Elevates 16 Attorneys to Partnership, Elects Seven to Board of Directors, Names New Department Chairs
Dinsmore is starting 2026 with exciting changes that reflect its commitment to helping attorneys grow their careers and strengthen leadership across the Firm.
"Our focus has always been on continuous improvement and anticipating what our clients will need next," said Managing Partner Josh Lorentz. "These elections reflect our dedication to constant progress and delivering exceptional
... Show Full Article
CINCINNATI, Ohio, Jan. 3 -- Dinsmore and Shohl, a law firm, issued the following news release:
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Dinsmore Elevates 16 Attorneys to Partnership, Elects Seven to Board of Directors, Names New Department Chairs
Dinsmore is starting 2026 with exciting changes that reflect its commitment to helping attorneys grow their careers and strengthen leadership across the Firm.
"Our focus has always been on continuous improvement and anticipating what our clients will need next," said Managing Partner Josh Lorentz. "These elections reflect our dedication to constant progress and delivering exceptionalservice through a team that is both experienced and forward-thinking."
Board of Directors and Department Chairs
The following attorneys have been elected to serve on Dinsmore's 22-member Board of Directors for 2026:
Grahmn Morgan (Lexington)
Alan Abes (Cincinnati)
Chris Azzara (Pittsburgh)
Tip Depp (Louisville)
Josh Rogers (Morgantown)
Jason Sims (Columbus)
Marty Tucker (Lexington)
Returning Board members include: Joshua Lorentz (Cincinnati), Greg Kaskey (Cincinnati), Brian Tent (Cincinnati), Allison Goico (Cincinnati), Anthony Ditka (Pittsburgh), Kenyon Meyer (Louisville), Jeff Hinebaugh (Cincinnati), Jill Rice (Morgantown), Toby Schisler (Cincinnati), Marty Dunn (Cincinnati), Stacey Borowicz (Columbus), Joseph Tucker (Louisville), Misha Rabinowitch (Indianapolis), Javier Flores (Boston) and Michael Paul (Denver).
Alongside their Board responsibilities, Grahmn Morgan will lead the Firm's Litigation Department, while Anthony Ditka has been elected to chair the Finance Department. Both also serve as managing partners of the Lexington and Pittsburgh offices, respectively.
New Partners
Sixteen attorneys across thirteen offices have been elevated to partner, effective January 1, 2026, representing a broad range of practice areas:
Kelli Amador (Columbus) - Litigation
Parker Blessing (Indianapolis) - Corporate
Ed Boll (Cincinnati) - Litigation
Houston Bragg (Lexington) - Litigation
Rudy Ellis (Louisville) - Labor & Employment
Marisa Escalante (Chicago) - Corporate
Eric Fox (Cleveland) - Corporate
Diana Givand (Washington, D.C.) - Labor & Employment
Luca Hickman (Tampa) - Intellectual Property
Jamie Inferrera (Pittsburgh) - Public Finance
Jeremy Justice (Detroit) - Intellectual Property
Jonathan Kelly (Cincinnati) - Labor & Employment
Russell Knowles (Dayton) - Corporate
Sarah Reddick (Louisville) - Litigation
Jeremy Smith (Cincinnati) - Employment
Michael Xavier (Denver) - Intellectual Property
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Original text here: https://www.dinsmore.com/news/dinsmore-elevates-16-attorneys-to-partnership-elects-seven-to-board-of-directors-names-new-department-chairs/
[Category: BizLaw/Legal]
Allison Transmission Completes Acquisition of Dana Incorporated's Off-Highway Drive & Motion Systems Business, Creating a Premier, Global Industrial Leader
INDIANAPOLIS, Indiana, Jan. 3 -- Allison Transmission issued the following news on Jan. 2, 2026:
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Allison Transmission Completes Acquisition of Dana Incorporated's Off-Highway Drive & Motion Systems Business, Creating a Premier, Global Industrial Leader
Combined company to form $5.5 billion revenue global enterprise with operations spanning 29 countries
Global footprint positioned to meet growing demand for advanced high-performance mobility and work solutions across infrastructure, energy, agriculture, construction and national security
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Allison Transmission Holdings, Inc. (NYSE: ALSN,
... Show Full Article
INDIANAPOLIS, Indiana, Jan. 3 -- Allison Transmission issued the following news on Jan. 2, 2026:
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Allison Transmission Completes Acquisition of Dana Incorporated's Off-Highway Drive & Motion Systems Business, Creating a Premier, Global Industrial Leader
Combined company to form $5.5 billion revenue global enterprise with operations spanning 29 countries
Global footprint positioned to meet growing demand for advanced high-performance mobility and work solutions across infrastructure, energy, agriculture, construction and national security
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Allison Transmission Holdings, Inc. (NYSE: ALSN,"Allison", "the Company") today announced it has completed its acquisition of the Off-Highway Drive & Motion Systems business of Dana Incorporated, a leading provider of drivetrain and propulsion solutions, for approximately $2.7 billion. The combination of industry-leading products and advanced technologies will accelerate Allison's growth and broaden the Company's position as a global provider of commercial duty mobility and work solutions that Improve the Way the World Works.
"We are excited to welcome our new colleagues from Dana Incorporated's Off-Highway Drive & Motion Systems business to Allison," said David Graziosi, Allison Chair, President and CEO. "Together, we have an expanded market reach and broader portfolio of high-quality and reliable products, creating a global platform that will continue to deliver strong financial performance from both organic and inorganic growth. Our talented colleagues are dedicated to helping support our customers and their end users to better capitalize on the global megatrends shaping the modern industrial world."
The combined company will be headquartered in Indianapolis, Indiana, USA, and led by Graziosi. The company will operate under the Allison name and be comprised of two business units. Allison Transmission will be led by Fred Bohley, President & Business Unit Leader, and Allison Off-Highway Drive & Motion Systems will be led by Craig Price, President & Business Unit Leader. Both Bohley and Price will report to Graziosi, and Bohley will continue to serve as Allison's Chief Operating Officer. Business unit leadership will be located around the world, reflecting the global nature of the business and the importance of local insights for its customers and stakeholders. Collectively, these changes allow the Company to better serve an expanded customer base with more local sourcing, production and service via a deeper pool of engineering and technological expertise.
BofA Securities and KPMG LLP served as Allison's financial and transaction advisors respectively, and Latham & Watkins LLP acted as legal advisor. Barclays, BofA Securities, Citigroup and JPMorgan provided committed financing in connection with the transaction. Edelman acted as Allison's strategic communications advisor.
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About Allison Transmission Holdings, Inc.
Allison Transmission Holdings, Inc. (NYSE: ALSN) ("Allison") is a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world. Enhanced by a track record of strategic acquisitions, Allison operates through two business units: Allison Transmission and Allison Off-Highway Drive & Motion Systems. Headquartered in Indianapolis, Indiana, USA, the Company manufactures solutions which offer industry-leading value propositions across vital sectors such as infrastructure, mining, energy, agriculture, construction, transportation and national security. For over 110 years, Allison has been recognized as a reliable partner of choice, keeping essential industries moving anytime, in over 150 countries around the world. For more information, visit https://allisontransmission.com
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Forward-Looking Statements
This press release contains forward-looking statements. The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management's good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the statements are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: we are expected to incur significant costs in connection with the integration of the Off-Highway Drive & Motion Systems business (the "Business") of Dana Incorporated; the Business and its operations may not be integrated successfully in the expected time frame; we may fail to realize all of the anticipated benefits from the integration of the Business and its operations or fail to effectively manage our expanded operations; our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of geopolitical risks, natural disasters, extreme weather events, wars and public health crises such as pandemics; global economic volatility; general economic and industry conditions, including the risk of prolonged inflation and recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these; cybersecurity risks to our operational systems, security systems or infrastructure owned by us or our third-party vendors and suppliers; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including acts of war and increased trade protectionism and tariffs; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to identify, consummate and effectively integrate acquisitions and collaborations; and risks related to our indebtedness.
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Original text here: https://www.allisontransmission.com/newsroom/article/2026/01/02/allison-transmission-completes-acquisition-of-dana-incorporated's-off-highway-drive---motion-systems-business--creating-a-premier--global-industrial-leader
[Category: BizIndustrial Materials]
