US company 2254 Dana Corporation and 2253 Bosch Rexroth of Germany expect to form a 50-50 joint venture to codevelop and manufacture advanced drive transmissions for the offhighway market.
A memorandum of understanding to this effect was signed by the two companies. Dana is a leader in the supply of axles, driveshafts, offhighway transmissions, sealing and thermal-management products, and genuine service parts, while Bosch Rexroth is a leading specialist in the field of drive and control technologies.
The planned jv company, which is expected to operate in Arco, Italy, will engineer, manufacture, and market hydro-mechanical variable powersplit transmission systems (HVT) for the global off-highway markets. The advanced transmission systems will focus on meeting customer needs for improved fuel economy, productivity, emissions, and manoeuvrability. Dana and Bosch Rexroth will contribute staff, intellectual property, and capital to the new joint-venture company.
"We are excited about the opportunities that this combination of two respected global off-highway transmission manufacturers presents," said Dana chief technical officer George Constand. "Together, Dana and Bosch Rexroth offer a broad range of complementary skill sets, which will enable the joint venture to deliver a unique array of advanced transmission solutions to the offhighway marketplace." The planned jv will benefit from Dana's expertise in off-highway transmission engineering and manufacturing, and Bosch Rexroth's deep experience in hydraulics and systems.
"The smart interaction of hydraulics and mechanics will be the driving factor for future innovation in drive transmissions," said Bosch Rexroth executive vice president of engineering and manufacturing Reiner Leipold-Buettner.
"Only those with the best knowhow in both fields will master the growing market demands. Dana and Bosch Rexroth ideally combine both fields." Dana and Bosch Rexroth are currently engaged in a joint project to develop power split transmissions for construction machines.
A memorandum of understanding to this effect was signed by the two companies. Dana is a leader in the supply of axles, driveshafts, offhighway transmissions, sealing and thermal-management products, and genuine service parts, while Bosch Rexroth is a leading specialist in the field of drive and control technologies.
The planned jv company, which is expected to operate in Arco, Italy, will engineer, manufacture, and market hydro-mechanical variable powersplit transmission systems (HVT) for the global off-highway markets. The advanced transmission systems will focus on meeting customer needs for improved fuel economy, productivity, emissions, and manoeuvrability. Dana and Bosch Rexroth will contribute staff, intellectual property, and capital to the new joint-venture company.
"We are excited about the opportunities that this combination of two respected global off-highway transmission manufacturers presents," said Dana chief technical officer George Constand. "Together, Dana and Bosch Rexroth offer a broad range of complementary skill sets, which will enable the joint venture to deliver a unique array of advanced transmission solutions to the offhighway marketplace." The planned jv will benefit from Dana's expertise in off-highway transmission engineering and manufacturing, and Bosch Rexroth's deep experience in hydraulics and systems.
"The smart interaction of hydraulics and mechanics will be the driving factor for future innovation in drive transmissions," said Bosch Rexroth executive vice president of engineering and manufacturing Reiner Leipold-Buettner.
"Only those with the best knowhow in both fields will master the growing market demands. Dana and Bosch Rexroth ideally combine both fields." Dana and Bosch Rexroth are currently engaged in a joint project to develop power split transmissions for construction machines.
