Dana Incorporated has announced a multi-year supply agreement that positions the company as a preferred global supplier of drive and motion products for Hyster-Yale Group.
Under the terms of the agreement, Dana says it will leverage its broad design and engineering capabilities, expansive line of field-proven drive and motion technologies, global manufacturing and aftermarket footprint, customer-centric perspective and expertise as a trusted top-tier supplier to support the long-term strategic initiatives of Hyster-Yale, the wholly owned operating subsidiary of Hyster-Yale Materials Handling.
The agreement encompasses a wide range of lift-truck vehicles sold under the Hyster and Yale brand names, including Class 1-5 forklift trucks, reach stackers and container handlers.
“We are thrilled with the opportunity that this long-term partnership brings to Hyster-Yale Group Inc. and look forward to introducing Dana’s products in our various development projects. There is a synergy between Hyster-Yale and Dana that we feel will result in a profitable relationship for both companies,” says Steve Karas, vice president of global supply chain management, Hyster-Yale Group.
“Dana has been a core supplier to Hyster-Yale for more than 30 years, which is why we have taken this step in securing Dana’s expertise to help us achieve our goals,” Karas adds.
Dana is a leading supplier of Spicer drive and Brevini motion products for material-handling vehicles that are designed to work seamlessly and enable operators to engage, lift and transport heavy loads with speed and precision, the company says.
“Dana is at the forefront in delivering technologies that improve the performance, fuel efficiency, safety and durability of material-handling vehicles — including market-leading innovations that support electrification and hybridization,” says Aziz Aghili, president, Dana off-highway drive and motion technologies.
“By extending and deepening our long-term collaboration with Hyster-Yale through this agreement, we are proving how we deliver a competitive advantage for our customers,” Aghili says.