Dana expands portfolio with strategic acquisition

Dana Incorporated has completed the acquisition of the SME Group, based at Arzignano in Italy. The firm is a specialist suppliers of low-voltage AC induction and synchronous reluctance motors, inverters, and control. These are used in a wide range of off-highway electric vehicle applications. The addition of SME’s low-voltage motors and inverters expands Dana’s electrified product portfolio. These products are primarily designed to meet the evolution of electrification in off-highway equipment. “Dana’
January 15, 2019 Read time: 2 mins

2254 Dana Incorporated has completed the acquisition of the SME Group, based at Arzignano in Italy. The firm is a specialist suppliers of low-voltage AC induction and synchronous reluctance motors, inverters, and control. These are used in a wide range of off-highway electric vehicle applications.

The addition of SME’s low-voltage motors and inverters expands Dana’s electrified product portfolio. These products are primarily designed to meet the evolution of electrification in off-highway equipment.

“Dana’s acquisition of SME enhances our ability to address the electrification and hybridisation needs of our customers,” said Jim Kamsickas, president and chief executive officer of Dana. “SME’s exceptional electric motor and inverter products, which largely support off-highway applications, are highly complementary to the technologies we acquired with TM4, which are predominately focused on light- and commercial-vehicle applications.”

“Dana is equipped to provide complete e-Propulsion systems that balance the demands for performance, power density, and weight,” said Christophe Dominiak, chief technology officer for Dana. “The addition of SME’s low-voltage induction motors rounds out our offering of high-voltage permanent magnet motors and enables us to deliver a complete range of electrified solutions for our customers.”

Dana’s existing portfolio of Spicer Electrified with TM4 motors and inverters combined with SME’s low-voltage motors will expand the company’s capabilities to applications ranging up to 250kW.

Dana’s electrification capabilities will be further strengthened by the anticipated acquisition of the Drive Systems segment of the Oerlikon group, enabling Dana to provide products for a broad range of hybrid and electric-vehicle configurations. The transaction is expected to close in the first quarter of 2019.

Engines, Components & Tyres

For more information on companies in this article

Related Content

  • Powered up for low emissions
    October 14, 2015
    The evolution of the diesel engine continues as ever more sophisticated technologies come into use - Mike Woof writes A major focus for diesel engine suppliers is for the development of low emission technologies. Tough regulations are in force in North America and Europe with regard to emissions, a programme introduced to help reduce pollution from off-highway machines. These technologies are also being introduced in stages in other territories, with China now rolling out tougher regulations.
    Read More
  • Alimak reports strong business – acquiring other firm
    October 28, 2016
    The Alimak Group reports good business levels for the January-September 2016 period and is looking to make an acquisition. The firm said that it has had profitable growth in the third quarter with an operating margin (EBIT) of15.4%, compared with 15.2% for the same period last year. Meanwhile it has seen a 6% growth in order intake, driven by a healthy demand for construction equipment. The operating margin (EBIT) for after sales meanwhile has been 32.4%, compared with 29.5% for the same period last year.
    Read More
  • Key developments are changing the face of the machine control market
    April 4, 2013
    Various business moves are changing the face of the machine control sector - Mike Woof reports An array of developments, both business moves and new technologies, are changing the focus for the machine control segment of the construction equipment sector. For a long time three firms, Leica Geosystems, Trimble and Topcon, have dominated this segment. The three are retaining their strong positions in the market but are seeing additional competition from Hemisphere and MOBA. Arguably the biggest news is that T
    Read More
  • A clean power innovation from Cummins
    September 24, 2021
    A clean power innovation from Cummins is now in development.
    Read More

Highlighted Content