U.S. auto-parts manufacturer Dana Inc. said Aug. 26 that it has completed its acquisition of Canada's Nordresa Inc., which designs and produces electric drivetrains for commercial and institutional vehicles.
Financial terms of the deal were not disclosed.
Dana said the acquisition would boost the company's electrification capabilities by combining its portfolio of motors, inverters, chargers, gearboxes and thermal-management products with Nordresa's proprietary battery-management system, electric powertrain controls and integration expertise.
Meanwhile, Nordresa said joining Dana will provide the company access to a global footprint, diverse customer base and a complete range of electrification capabilities.
Following the completion of the transaction, Nordresa's founders will serve in leadership positions at Dana.
