Dana completes acquisition of SME Group
By Heather Rose - 28th February 2019
USA / Italy - Dana Incorporated of Maumee, Ohio, USA has completed its acquisition of the privately-owned SME Group, headquartered 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. SME Group employs more than 100 people and operates in China, Germany, Canada, and Italy.
The addition of SME's low-voltage motors and inverters, which are primarily designed to meet the evolution of electrification in off-highway equipment, significantly expands Dana's electrified product portfolio.
