MAUMEE, Ohio, Oct. 28, 2020 /PRNewswire/ -- Dana Incorporated
(NYSE: DAN) announced today that it has acquired a non-controlling
stake in Pi Innovo LLC, a leader in embedded software solutions and
electronics control units for the light vehicle, commercial
vehicle, and off-highway markets.
Dana's ability to design, engineer, and deliver a complete
vehicle integration for e-Propulsion systems and e-Accessories,
including battery chargers, electro-hydraulic power steering
systems, and e-Air compressors has positioned the company as a
leader in vehicle electrification. The investment in Pi Innovo will
further enable Dana to enhance its in-house electric-vehicle
capabilities by providing turnkey software and control solutions
for its entire portfolio of technologies.
"Software and controls are essential in the functionality of
increasingly complex e-Powertrain architectures, playing a critical
role in maximizing efficiency and managing the systems used
throughout the vehicle," said James
Kamsickas, Dana chairman and CEO. "Pi Innovo's exceptional
team of engineers leverage more than 25 years of experience to
provide proven, safe, and flexible solutions to meet the growing
demand for automotive embedded controls in the e-Mobility market
and beyond."
When combined with Dana's complete systems capabilities for
e-Propulsion, the companies will be able to further enhance the
flexibility, robustness, and efficiency of the entire vehicle
systems, while meeting the latest functional safety
requirements.
"Pi Innovo has developed advanced software and controls
solutions and production ECUs to enable the efficiency and safety
of electric vehicles," said Dr. Walter
Lucking, CEO, Pi Innovo. "Dana's capabilities across the
entire mobility spectrum will give Pi Innovo further access to a
growing customer base, and the company's experience in vehicle
electrification makes it an attractive partner for bringing
customers complete turnkey solutions."
Headquartered near Detroit,
Michigan, USA, Pi Innovo has a proven track record for
delivering sophisticated modular software and controls solutions
for a wide variety of applications, including electric and hybrid
vehicles, while adhering to the highest functional safety
requirements.
About Dana Incorporated
Dana is a world leader in
providing power-conveyance and energy-management solutions that are
engineered to improve the efficiency, performance, and
sustainability of light vehicles, commercial vehicles, and
off-highway equipment. Enabling the propulsion of
conventional, hybrid, and electric-powered vehicles, Dana equips
its customers with critical drive and motion systems;
electrodynamic technologies; and thermal, sealing, and digital
solutions.
In 2019, the company reported sales of $8.6 billion with 36,000 associates in 34
countries across six continents. Based in Maumee, Ohio, USA, and founded in 1904, Dana
has established a high-performance culture that focuses on its
people, and the company has earned recognition around the world as
a top employer. Learn more at dana.com.
About Pi Innovo
Pi Innovo is an expert partner for the
design and development of electronic systems and control software
for the automotive, transportation, defense, industrial, and
aviation industries. Pi Innovo's multi-skilled engineering teams
can develop vehicle electronic systems from concept to production
and have applied this capability in recent years to the challenges
of vehicle electrification. OpenECU is Pi Innovo's range of
adaptable, modular, reusable field-ready products that are
implemented to volume production standards, and are fully "open" to
custom configuration, adaptation, and further development. The
OpenECU family includes ECUs, prototyping accessories, electronic
circuit libraries, platform base software, model-based control
strategies, and application software.
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SOURCE Dana Incorporated