Dana Incorporated announced the company had completed the acquisition of the Drive Systems segment of the Oerlikon Group, including the Graziano and Fairfield brands.

The recent acquisition expands the company’s capabilities in electrification and further optimizes its manufacturing presence in key growth markets.

The Drive Systems business serves a global roster of original equipment manufacturers with a portfolio of high-tech products that can be found in a wide range of applications for operating machinery and equipment.

Along with adding four research and development (R&D) facilities to Dana’s network of technology centers and 12 facilities to the company’s overall manufacturing footprint, the acquisition creates several opportunities for growth, including:
    • Extending Dana’s 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 Dana’s 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 Dana’s product offerings that support vehicle electrification in each of Dana’s end markets – light vehicle, commercial vehicle, and off-highway;
    • Optimizing Dana’s global manufacturing presence to be closer to customers in key growth markets such as China and India, as well as the United States.

For more information, visit the Dana Inc. website.