Need Help? (888) 742-5060

In The News:

Dana Completes SME Group Acquisition

Dana Incorporated (NYSE: DAN) has completed its acquisition of the SME Group, based in Arzignano, Italy. The privately held company employs more than 100 people and operates in China, Germany, Canada and Italy.

The deal complements Dana’s capabilities in electric motors and inverters, the company said.

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.

Dana said it will further strengthen its electrification capabilities with the anticipated acquisition of the Drive Systems segment of the Oerlikon group, which will allow the company 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.


© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center