In 2020, we continued to elevate our leadership position in the e-Mobility space, launching new electrified systems across all mobility markets. We also expanded our global electrification presence with the opening of a new motor, inverter, and controls manufacturing facility in India. Our recent acquisitions continue to enhance our ability to seamlessly integrate software and controls into our entire portfolio of technologies, ultimately enhancing the flexibility, robustness, efficiency, and safety of vehicle systems.
Empowering Adoption of Electrification Technologies
The ideal electrified powertrain solution is one that meets the unique requirements of the vehicle, application, and customer needs. Offering modular solutions means being able to bring together the right low- and high-voltage motors, software, controls, battery management, gearboxes, and thermal management — calibrated together to deliver the optimal, individualized electrodynamic solution.
This places a strong emphasis on complete systems expertise. Designing an efficient modular product is only one part of the equation. Being able to integrate these modular solutions into a complete system that optimizes and maximizes energy usage will be essential for customers to deliver the value demanded by the end-users. Our ability to support complete system integration is driving growth with our customers as we find new ways to support their move toward hybrid and electric vehicle applications.
Driving Efficiences and Core Capabilities
We have taken strategic steps to augment our core capabilities to support all of our customers’ drivetrain and propulsion needs, regardless of the power source.
Driving Components For Tomorrow's Power Sources
In 2020, we signed a definitive agreement to purchase a portion of the thermal-management business of Modine Manufacturing Company’s automotive segment. The transaction is expected to be completed in the first half of 2021 and will increase the scale of Dana’s Power Technologies business unit by approximately 30 percent.
This acquisition will balance our current product portfolio by extending its offerings in chillers, water-charged air coolers, exhaust-gas recirculation, and electric-vehicle thermal technologies. More than 70 percent of the acquired product offering can be applied to hybrid- and battery-electric vehicle applications.
It will also expand Dana’s manufacturing processes and supply chains, strengthen relationships with new and existing light vehicle manufacturers, and diversify the global geographic footprint of Dana’s Power Technologies operations through eight manufacturing facilities across the United States, Europe, and Asia. The transaction is expected to add approximately $300 million in revenue based on 2019 results.