Bosch and Dana propose off-highway venture

Bosch Rexroth and Dana have signed a memorandum of understanding proposing their plans to form a 50-50 joint venture to co-develop and manufacture advanced drive transmissions for the off-highway market.

The planned joint-venture company, which is expected to operate in Arco, Italy, will engineer, manufacture and market hydro-mechanical variable powersplit transmission systems for the global off-highway markets.

Bosch Rexroth and Dana will contribute staff, intellectual property and capital to the company.