Dana en­hances elec­tro­mo­bil­ity ca­pa­bil­i­ties by ac­quir­ing SME Group

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Dana In­cor­po­rated has com­pleted the ac­qui­si­tion of the SME Group, head­quar­tered in Arzig­nano, Italy, which de­signs, engi­neers, and man­u­fac­tures low-volt­age AC in­duc­tion and syn­chro­nous re­luc­tance mo­tors, in­vert­ers, and con­trols for a wide range of off-high­way elec­tric ve­hi­cle ap­pli­ca­tions, in­clud­ing ma­te­rial han­dling, agri­cul­ture, con­struc­tion, and au­to­mated guided ve­hi­cles.

The ad­di­tion of SME’s low-volt­age mo­tors and in­vert­ers, which are pri­mar­ily de­signed to meet the evo­lu­tion of elec­tri­fi­ca­tion in offhigh­way equip­ment, sig­nif­i­cantly ex­pands Dana’s elec­tri­fied prod­uct port­fo­lio.

“Dana’s ac­qui­si­tion of SME en­hances our abil­ity to ad­dress the elec­tri­fi­ca­tion and hy­bridiza­tion needs of our cus­tomers, while also in­creas­ing the po­ten­tial for in­cre­men­tal con­tent per ve­hi­cle,” 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’s ex­ist­ing port­fo­lio of Spicer Elec­tri­fied with TM4 mo­tors and in­vert­ers com­bined with SME’s low­volt­age mo­tors will ex­pand the com­pany’s ca­pa­bil­i­ties to ap­pli­ca­tions rang­ing up to 250kW. The pri­vately held SME Group em­ploys more than 100 peo­ple and op­er­ates in China, Ger­many, Canada, and Italy.

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.

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