Dana Incorporated (DAN) Acquires Pi Innovo

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.

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