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Prime Mover Magazine


Dana acquires SME Group

US-based commercial vehicle specialist, Dana, has completed the acquisition of the SME Group, headquartered in Arzignano, Italy, which is set to enhance its electromobility capabilities and global reach.

SME Group designs, engineers and manufactures low-voltage alternating current (AC) induction and synchronous reluctance motors, inverters and controls for various off-highway electric vehicle applications, including materials handling, agriculture, construction and automated-guided vehicles.

Dana said in a statement that the addition of SME's low-voltage motors and inverters, which are primarily designed to meet the evolution of electrification in off-highway equipment, significantly expands Dana's electrified product portfolio.

"Dana's acquisition of SME enhances our ability to address the electrification and hybridisation needs of our customers, while also increasing the potential for incremental content per vehicle," said Dana President and CEO, Jim Kamsickas.

"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,” he said.

"Dana is equipped to provide complete e-Propulsion systems that balance the demands for performance, power density, and weight," said Dana Chief Technology Officer, Christophe Dominiak. "The addition of SME's low-voltage induction motors rounds out our already robust 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.

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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