Dana Completes Purchase of Oerlikon's Drive Systems Segment

March 1, 2019 - Dana, Maumee, Ohio, has completed its purchase of the Oerlikon Group’s Drive Systems segment, including the Graziano and Fairfield brands.  

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

The addition of the Drive Systems segment to Dana is immediately accretive to earnings and creates opportunities for increased revenue and profitable growth. 

They include:  

 •  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 off-highway vehicles   

  •  growing Dana's electronic control capability for transmissions and drivelines through the acquisition of VOCIS, a wholly owned business of Oerlikon Drive Systems, and further expanding its motor technologies through Ashwoods Electric Motors   

  •  increasing products 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 

  •  adding four research and development facilities to Dana's network of technology centers, as well as 12 facilities to the company's global manufacturing footprint.  

"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' 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 United States." 

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 used in construction, agriculture, energy, mining, on-road transportation, and high-performance sports cars.   

Some of its notable customers are 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.