Investment Summary

Dana Invests In Pi Innovo

On October 28, 2020, Dana invested in software company Pi Innovo

Investment Highlights
  • This is Dana’s 1st transaction in the Software sector.
  • This is Dana’s 3rd transaction in the United States.
  • This is Dana’s 2nd transaction in Michigan.

Investment Summary

Date 2020-10-28
Target Pi Innovo
Sector Software
Investor(s) Dana
Deal Type Stake Purchase

Target

Pi Innovo

Plymouth, Michigan, United States
Pi Innovo LLC is a provider in embedded software solutions and electronics control units for the light vehicle, commercial vehicle, and off-highway markets. Pi Innovo was established in 2011 and is based in Plymouth, Michigan.

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Investor(S) 1

Investor

Dana

Maumee, Ohio, United States

Category Company
Founded 1904
Sector Automotive
Employees39,300
Revenue 10.3B USD (2024)
DESCRIPTION
Entrance to Dana's corporate headquarters in Maumee, Ohio.
Entrance to Dana's corporate headquarters in Maumee, Ohio.

Dana is a global provider of high technology driveline (axles, driveshafts and transmissions), sealing and thermal-management products. The Company's customer base includes virtually every major vehicle manufacturer in the global light vehicle, medium/heavy vehicle and off-highway markets. Dana was incorporated 1904 and is based in Maumee, Ohio.


DEAL STATS #
Overall 7 of 8
Sector: Software M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Michigan M&A 2 of 2
Country: United States M&A 3 of 4
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-26 Nordresa Motors

Laval, Quebec, Canada

Nordresa Motors, Inc. is a developer, manufacturer and commercialize electric drivetrains for commercial vehicles. Nordresa Motors is based in Laval, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Modine Manufacturing Co. - Light-Vehicle Thermal Business

Racine, Wisconsin, United States

Modine Manufacturing Co.'s Light-Vehicle Thermal Business manufactures automotive products in Racine, Wisconsin.

Buy -