Dana Acquires Pi Innovo to Add to Electrification Business
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Dana Inc. announced it acquired Pi Innovo, expanding on its earlier noncontrolling interest in the company.
It described the deal as adding a strong library of turnkey electric vehicle application software, vehicle level controllers and auxiliary controllers — including for the light vehicle, commercial vehicle and off-highway markets.
Terms were not immediately disclosed.
Dana Incorporated announced today that it has acquired Pi Innovo LLC. Read more here: https://t.co/ZR5F29t3tl — Dana Incorporated (@DanaInc_) March 1, 2021
The software and controls expertise of PI Innovo builds on Dana’s capabilities in designing, engineering, and delivering complete vehicle integration for e-Propulsion systems, further positioning the company as a leader in vehicle electrification, according to the Maumee, Ohio-based company.
“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, chairman and CEO of Dana.
Pi Innovo is based in Detroit. — Transport Topics
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