Mumbai, Jan. 15 -- Dana Incorporated has completed the acquisition of the SME Group, headquartered in Arzignano, Italy, which 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.
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.
"Dana's acquisition of SME enhances our ability to address the electrification and hybridization needs of our customers, while also increas...