Dana acquired SME Group to enhance its electromobility capabilities and global reach

Dana announced that it has completed the acquisition of the SME Group, with headquarters in Arzignano, Italy. The global SME Group 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 primarily aim to meet the evolution of electrification in off-highway equipment, significantly expands Dana’s electrified product portfolio.

Dana motor

The words of Dana on the acquisition

Jim Kamsickas, president and chief executive officer of Dana, said: «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. SME’s electric motor and inverter products, which largely support off-highway applications, are highly complementary to the technologies we got with TM4, which predominately focus on light- and commercial-vehicle applications».

Christophe Dominiak, chief technology officer for Dana, added: «Dana is equipped to provide complete e-Propulsion systems that balance the demands for performance, power density, and weight. The addition of SME’s low-voltage induction motors also 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». In particular, 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 250 kW.

Dana acquired SME
From left to right: Alessandro Pace, president and CEO of the SME Group; Chiara Pace, chief financial officer and general manager of the SME Group; Jim Kamsickas, president and chief executive officer of Dana and Adolpho Pace, founder and chairman of the SME Group.

SME Group employs more than 100 people and operates in China, Germany, Canada, and Italy. Dana’s electrification capabilities will further improve with the 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.

DANA AND SPICER ELECTRIFIED

Highlights

FPT Industrial: let’s go, XC13

The XC13 surely sounds agnostic in FPT Industrial’s unofficial nomenclature; it comes, indeed, with a tripartite certification: Euro 6E (winking an eye at the upcoming Euro 7), methane gas and also biofuel, with a link to hydrogen. Andrea Abbà, FPT’s product marketing manager, told us about dialogui...

Related articles

José Cuadrado is the new Global CEO of Yanmar Compact Equipment

José Cuadrado has been appointed Global Chief Executive Officer at Yanmar Compact Equipment (Yanmar CE), and Chairman of the Board at Yanmar Holdings Co., Ltd. Cuadrado replaces Giuliano Parodi, who is now transferring to manage the Yanmar Group’s Strategy Division, as Chief Strategy Officer.

Isotta Fraschini Motori, Marco Golinelli is the new CCO

Marco A.G. Golinelli has joined Isotta Fraschini Motori as the new Chief Commercial Officer (CCO). With his extensive expertise as Director Energy Solutions, and the cogeneration sector, Marco will undoubtedly bolster Isotta Fraschini Motori’s ongoing success and growth.
News

VM Motori is ready for the relaunch

Rumors are intensifying around the sale of VM Motori, which is expected to take place in 2024. We are behind schedule, compared to the forecasts of the Emilia Romagna region, but the rumors remain and the clues lead to northern Italy
News

[Interact Analysis] Forecasts for the global forklift market

Interact Analysis has recently updated its forecasts for the global forklift market. It was initially expected that the market would decline in 2024. However, North America actually saw a significant increase in order volume in the final quarter of 2023. In China, sales in January 2024 experienced a...
News