Dana Takes Over Drive Systems Segment of Oerlikon Group
Dana Inc. has recently reported that the company has finalized the takeover deal of the Drive Systems division of the Oerlikon Group, including the Graziano and Fairfield brands. This deal makes it possible for Dana to strengthen the potential of its electromobility program and significantly improves company’s production capacity in several directions.
Learn more about Oerlikon’s Drive Systems Segment
The Drive Systems division includes a wide range of OEM companies specialized in the production of sophisticated engineering solutions that can be applied in equipment and machinery used in different industrial sectors, as well as in sports cars.
As a result
of the deal, Dana can count on gaining financial benefits thanks to the
following factors:
- Dana will increase its technological capacity, particularly with regard to highly-refined helical (spiral) gears installed in transmission solutions. The acquired brand Graziano Oerlikon is the world's No. 1 provider of precision gears and shafts for final reduction elements applied in agricultural and off-road vehicles. The company is also a well-recognized supplier of transmissions and mechatronics for luxury performance-oriented cars;
- Dana will grow in the segment of ECUs for gearboxes s and drivelines thanks to the purchase of VOCIS. This company fully belongs to Oerlikon Drive Systems.
- Now Dana is significantly expanding its presence on the main markets (US, China, India) to be closer to potential clients;
- Dana will add 4 R&D centers to its engineering capacities, and twelve manufacturing enterprises to enhance the company's presence on the global market.
According to Dana’s senior official, this deal is another major step in the company’s strategy on electrification. Dana acquired not only huge technical capacities, but also highly-qualified specialists of Oerlikon who will certainly help the company to gain a firm foothold in the critical markets.
About Dana
Inc.
Learn more about Dana
Inc
Located in the US, Dana Inc. is a standard
bearer in technically complex products improving the effectiveness, operation
characteristics, and durability of powered vehicles and machinery. Dana
provides solutions for different auto market segments: passenger cars, commercial
trucks, and off-roaders, as well as industrial and stationary equipment
applications. Established in 1904, Dana’s staff currently includes more than
thirty-six thousand qualified specialists all over the world. All Dana
employees are dedicated to responding to needs of all customers.
