Dana has acquired the drive systems segment of the Oerlikon Group, including the Graziano and Fairfield brands. The deal expands the company’s capabilities in electrification and further optimises its manufacturing presence in key markets.
Dana says the addition of drive systems segment creates a range of opportunities for increased revenue and profitable growth. These include:
- Extending its current technology portfolio, especially in the area of high-precision helical gears for the light- and commercial-vehicle markets, as well as planetary hub drives for wheeled and tracked vehicles in the off-highway market;
- Growing its electronic controls capability for transmissions and drivelines through the acquisition of VOCIS, a wholly owned business of Oerlikon Drive Systems, and further expanding its motors technologies through Ashwoods Electric Motors.
- Increasing its product offerings that support vehicle electrification in each of Dana's end markets – light vehicle, commercial vehicle, and off-highway.
- Optimising its global manufacturing presence to be closer to customers in key growth markets such as China and India, as well as the US.
- Adding four research and development facilities to the company's extensive network of technology centres, as well as 12 facilities to the company's global manufacturing footprint.
James Kamsickas, president and chief executive officer of Dana, says: "Dana's acquisition of the Drive Systems segment of Oerlikon enables us to support our customers' shift toward vehicle electrification across nearly every vehicle architecture in the light vehicle, commercial vehicle, and off-highway segments. The Drive Systems business' highly talented team is also strategically positioned to give our customers access to critical manufacturing capabilities in key growth markets, such as India, China, and the United States."
Selected customers include, but are not limited to AGCO, Ashok Leyland, Aston Martin, BMW, Caterpillar, CNH, Daimler, John Deere, Ferrari, Fiat Chrysler Automobiles, MAN, McLaren, Oshkosh, SANY, Scania, Terex, Volkswagen, and AB Volvo.
