Nordresa may be small and largely unknown, but it represents another step in Dana's strategy to build a presence in the coming era of electrified vehicles. In March, Dana made a similar play, taking a key equity position in Hyliion, an Austin, Texas, electrification startup focused on large Class 8 trucks.
Hyliion develops intelligent, electric-hybrid architectures for Class 8 vehicles that can be installed on new trucks or retrofitted on existing trucks.
"We've tried to be clear from our strategic plan that we put in place at the end of 2016 that we saw it as mission critical to go fill out our portfolio of products for the markets in which we participate," Dana CEO James Kamsickas told financial analysts in July before the Nordresa deal.
"So we filled out, if you want to call it, from a motors standpoint, from the induction motor to the permanent magnet motor, and everything in between — the inverter range that we need, the controls and software."
Dana said Nordresa's engineering expertise will help support its transition to full-electric powertrains, especially when it comes to changes to the propulsion system, power steering, air conditioning compressors and other accessory systems.
Terms of the agreement were undisclosed.
"Nordresa's experience designing and integrating electric vehicle systems enables Dana to offer our customers a complete system solution, including fully integrated e-axles, battery and powertrain controls, and thermal management," Kamsickas said in a statement last week.
Dana spokesman Jared Bryan said that Castonguay and Nordresa co-founder Marc Daigneault will have leadership positions in Dana's electrification group, effective immediately.