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By Mike Brezonick05 March 2021 Dana has acquired Pi Innovo, a manufacturer of embedded software solutions and electronic control units for the mobile vehicle and equipment markets.
Dana Inc. has acquired Pi Innovo LLC, a Michigan-based supplier of embedded software solutions and electronic control units for the light vehicle, commercial vehicle and off-highway markets. Dana acquired a non-controlling interest in late 2020. No financial details were provided.
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The expanding supply chain complexity underscores the need for synergistic technologies from AI to real-time tracking
OYSTER BAY, N.Y., March 3, 2021 /PRNewswire/ Proven ROI is the primary argument for Transportation Management System (TMS) adoption. Synergistic technologies like predictive analytics, automation, real-time tracking, machine learning, AI, and blockchain will continue to evolve for greater flexibility, improved customer support, and enhanced forecasting capabilities. TMS solutions enable greater visibility, efficiency, reliability, and flexibility of freight movement across modes, cargo types, and geographies. According to
ABI Research, a global tech market advisory firm, worldwide TMS revenues are expected to nearly double from US$16 billion in 2020 to reach over US$31 billion in 2025. Leading providers include Blue Yonder, SAP, and Oracle. Partnerships with TMS suppliers are growing, like Werner Enterprises with M
Dana Inc hires Byron Foster in executive role rubbernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rubbernews.com Daily Mail and Mail on Sunday newspapers.
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Dana Inc. (NYSE: DAN) lost $31 million in 2020. But a $700 million book of new business half in electric powertrains should drive profit margins higher even as spending rises.
The maker of drivelines for internal combustion engines and integrated electric powertrain systems points to several new contracts boosting its profit margin to 12% by 2023. They include an electrified powertrain for a medium-duty chassis for Freightliner Custom Chassis Corp. Production begins in the third quarter.
Maumee, Ohio-based Dana also won business for an e-axle, electric motor, inverter and gears for an unnamed European heavy-duty truck manufacturer. The truck with the e-propulsion system debuts in 2024.