On Aug. 26, 2019, Dana Incorporated (NYSE: DAN) announced that it had acquired Les Moteurs Nordresa Inc. based in Montréal, Quebec, and a prominent integration and application engineering expert for the development and commercialization of electric powertrains for commercial vehicles. Terms of the transaction were not disclosed.
The investment further enhances Dana's electrification capabilities by combining its complete portfolio of motors, inverters, chargers, gearboxes, and thermal-management products with Nordresa's proprietary battery-management system, electric powertrain controls and integration expertise to deliver complete electric powertrain systems.
Dana is a world leader in providing power-conveyance and energy-management solutions for vehicles and machinery. The company's portfolio improves the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. From axles, driveshafts, and transmissions to electrodynamic, thermal, sealing, and digital solutions, the company enables the propulsion of conventional, hybrid, and electric-powered vehicles by supplying nearly every vehicle and engine manufacturer in the world.
Gowling WLG advised Dana with respect to this acquisition with a team led by Naïm-Alexandre Antaki.