Dana is extending the drive systems arm of its business with the purchase of Oerlikon Group. Including the Graziano and Fairfield brands, the acquisition will enhance the company’s capabilities in electrification technologies as well as expanding its presence in key growth markets.
The buyout means planetary hub drives for wheeled and tracked machines in the off-highway market as well high-precision helical gears for light and commercial vehicles are now added to the company’s product portfolio.
With 12 extra manufacturing sites globally, Dana’s proximity to customers in India, China and the USA will be improved and four Oerlikon-owned research and development facilities will extend Dana’s network of technology centers.
“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,” said James Kamsickas, president and chief executive officer of Dana.
“The Drive Systems business’s 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 USA.”
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.