Dana acquires SME Group

Vehicle transmission and component company Dana Incorporated in the USA has completed the acquisition of Italian electric motor manufacturer SME Group.

Dana and SMEHeadquartered in Arzignano, SME designs and builds low-voltage AC induction and synchronous motors, inverters, and controls for off-highway vehicles, including material handling, construction and agricultural equipment. Continue reading “Dana acquires SME Group”

Hitachi Expands Its Mining Business by Acquisition of Wenco

3 Jul, 2009, as published on the Hitachi CM Global site

Hitachi Construction Machinery Co., Ltd. (Tokyo Stock Exchange, First Section)(“HCM”) announced that it will expand its mining business, particularly in resource rich regions of the world.

HCM has made a strategic investment and purchased a significant interest in Wenco International Mining Systems, Ltd. (“Wenco”). Wenco is a leading producer of fleet management systems and an innovator of technology to improve mine operation efficiency. Continue reading “Hitachi Expands Its Mining Business by Acquisition of Wenco”