MAUMEE, Ohio, March 1, 2021 /PRNewswire/ -- Dana
Incorporated (NYSE: DAN) announced today that it has acquired Pi
Innovo LLC a leader in embedded software solutions and electronic
control units to support the light vehicle, commercial vehicle, and
off-highway markets. Dana previously held a non-controlling
interest.
Headquartered near Detroit,
Michigan, USA, the acquisition of Pi Innovo enables Dana to
increase its in-house electrodynamics capabilities and
electrification product portfolio by adding a strong library of
turn-key electric vehicle application software, vehicle level
controllers, and auxiliary controllers.
"The extremely talented and experienced Pi Innovo team have
provided exceptional modular software and controls solutions for
original equipment manufacturers for more than 25 years," said
James Kamsickas, Dana chairman and
CEO. "Integrating Pi Innovo with Dana's leading e-Propulsion
software capabilities will further enhance our ability to provide
value for our customers as they continue to accelerate their
electric vehicle portfolio development."
The software and controls expertise of PI Innovo builds on
Dana's robust capabilities in designing, engineering, and
delivering complete vehicle integration for e-Propulsion systems,
further positioning the company as a leader in vehicle
electrification.
About Dana Incorporated
Dana is a leader in the design and manufacture of highly efficient
propulsion and energy-management solutions for all mobility markets
across the globe. The company's conventional and clean-energy
solutions support nearly every vehicle manufacturer with drive and
motion systems; electrodynamic technologies, including software and
controls; and thermal, sealing, and digital solutions.
Based in Maumee, Ohio,
USA, the company reported sales of $7.1 billion in
2020 with 38,000 associates in 33 countries across six
continents. Founded in 1904, Dana was named one of "America's
Most Responsible Companies 2021" by Newsweek for its
emphasis on sustainability and social responsibility. The
company is driven by a high-performance culture that focuses on its
people, which has earned it global recognition as a top employer,
including "World's Best Employer" from Forbes magazine.
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