{"id":129750,"date":"2023-06-07T13:55:13","date_gmt":"2023-06-07T11:55:13","guid":{"rendered":"http:\/\/uncommonegg.com\/dayco\/?p=129750"},"modified":"2023-06-07T14:00:08","modified_gmt":"2023-06-07T12:00:08","slug":"dayco-to-partner-with-tecno-system-and-monet","status":"publish","type":"post","link":"https:\/\/uncommonegg.com\/dayco\/it\/dayco-to-partner-with-tecno-system-and-monet\/","title":{"rendered":"Dayco to Partner with Tecno System and Monet, Creating an Electronics Competence Center, Bolstering its Electrified Propulsion Solutions Portfolio"},"content":{"rendered":"<p>Dayco, Tecno System and Monet have entered into an equity agreement positioning the trio for growth in the electrified propulsion systems space.\u00a0 The resulting competence center is a true R&amp;D powerhouse that starts with Monet\u2019s know-how and competencies, and ushers them through Tecno System\u2019s industrialization capabilities, all while utilizing Dayco\u2019s 115 years of innovation and world-class manufacturing.\u00a0 Dayco will expand these individual electronic products into comprehensive electro-mechanical systems, offering OEMs electrified propulsion solutions across fuel cell, electric, and hybrid applications worldwide.\u00a0 The transaction is expected to be closed by the end of June 2023, financial details of the transaction were not disclosed.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-129730 alignleft\" src=\"http:\/\/uncommonegg.com\/dayco\/wp-content\/uploads\/2023\/06\/dayco-technosystem-monet-news.jpg\" alt=\"Dayco Technosystem Monet News\" width=\"400\" height=\"220\" srcset=\"https:\/\/uncommonegg.com\/dayco\/wp-content\/uploads\/2023\/06\/dayco-technosystem-monet-news.jpg 400w, https:\/\/uncommonegg.com\/dayco\/wp-content\/uploads\/2023\/06\/dayco-technosystem-monet-news-200x110.jpg 200w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/>Tecno System is a global, constantly growing company that develops and produces electronics for a wide range of industries such as automotive, commercial vehicles, off-highway, railways, military, aerospace, and industrial. Tecno System will be the preferred partner for Dayco\u2019s electronics supplies as the company is expanding its customer base and growing sales revenues in the electric vehicle space.<\/p>\n<p>\u201cWe are excited about teaming up with Tecno System and Monet to build on Dayco\u2019s success. The Competence Centre for advanced engineering in the field of electronics and controls will accelerate and enhance the development of our fuel cell solutions, e-drives, and hybrid modules. This partnership will solidify Dayco\u2019s competencies in control logic and software know-how, extending the product range for its customers globally,\u201d said Wouter Nijenhuis, Chief Commercial Officer, Dayco Propulsion Solutions.<\/p>\n<p>\u201cDayco\u2019s robust customer base and manufacturing expertise combined with Tecno System and Monet\u2019s outstanding abilities to provide integrated electronic and controls, will position Dayco as a strong partner for delivering electrified solutions to its customers, further protecting the environment and reducing CO\u2082,\u201d added Wouter.<\/p>\n<p>\u201cWe at Tecno System and Monet are delighted to partner with Dayco. With this corporation, Tecno System has accomplished a significant milestone in our growth strategy and strengthened our position as a leader in the creation of electrical systems that enable the industry\u2019s transformation toward a greener, zero-emission mobility,\u201d said Tiziano Ianni, Founder and Chief Executive Officer, Tecno System Group.<\/p>\n<p>Giovanni Barba, Founder and Chief Executive Officer, Monet added, \u201cWe are pleased with Dayco\u2019s commitment to our company that will further strengthen the expertise of the Monet\u2019s competence center as we join forces and benefit from Dayco\u2019s 115+ years of delivering innovative solutions.\u201d<\/p>\n<p>With a mission to deliver advanced electrified solutions to worldwide customers, Dayco will leverage this new partnership to strengthen its propulsion solution capabilities to bring innovative and superior quality products that meet and exceed customer needs.<\/p>\n<p><strong>About Dayco<\/strong><\/p>\n<p>Dayco is a global leader in the research, design, manufacture and distribution of essential engine drive systems and aftermarket services for automotive, truck, construction, agriculture, and industrial applications.<\/p>\n<p>Through our expertise in transferring power quietly and efficiently, Dayco has emerged as the leading global system solutions provider for hybrid electric vehicles.\u00a0 Dayco\u2019s 100+ years of experience in drive systems allows us to equip all customer applications around the world with the most effective drive systems to meet customer-specific performance requirements.\u00a0 Dayco\u2019s world-class global distribution network services the aftermarket industry with a full offering of kits and products to meet each local market\u2019s need.\u00a0 We accomplish this with a dedicated global team that respects one another, shows humility through continuous learning, and acts like owners in everything we do.<\/p>\n<p>Dayco has more than 40 locations in 22 countries and over 3,600 associates. For more information about Dayco, visit the Company\u2019s website at <a href=\"http:\/\/uncommonegg.com\/dayco\/it\/\" target=\"_blank\" rel=\"noopener\">www.propulsionsolutions.com<\/a><\/p>\n<p><strong>About Tecno System Group<\/strong><\/p>\n<p>Tecno System, a global electronics company founded in 1990, offers solutions that cover the entire life cycle of an electronic product: feasibility project analysis, engineering, industrialization, certification, electronics production, finished products and systems realization, and after-sales services.<\/p>\n<p>The headquarters located in Mercenasco, in the district of Turin, coordinate and support over 400 people working in the IATF-certified plants situated in Italy (Mercenasco, Druento and Carini), in Tunisia (Nabeul) and India (Bangalore).<\/p>\n<p>For more information about Tecno System Group, visit the Company\u2019s website at <a href=\"https:\/\/tecnosystem.it\/en\/\" target=\"_blank\" rel=\"noopener\">https:\/\/tecnosystem.it\/en\/<\/a><\/p>\n<p><strong>About Monet Srl<\/strong><\/p>\n<p>Monet, founded in 2001, is a provider of solutions and services in electronic design, hardware and software development, prototyping and homologating of complex products for automotive, railway, industrial and aviation applications. Monet offers innovative products for hybrid and electric vehicles and develops solutions to increase the experience in wireless solutions to gather IoT opportunities (service and products). In 2015 the company became a part of the Tecno System Group.<\/p>\n<p>For more information about Monet Srl, visit the Company\u2019s website at <a href=\"https:\/\/www.monet-tech.it\/company\" target=\"_blank\" rel=\"noopener\">https:\/\/www.monet-tech.it\/company<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dayco, Tecno System and Monet have entered into an equity agreement positioning the trio for growth in the electrified propulsion systems space.\u00a0 The resulting competence center is a true R&amp;D powerhouse that starts with Monet\u2019s know-how and competencies, and ushers them through Tecno System\u2019s industrialization capabilities, all while utilizing Dayco\u2019s 115 years of innovation and world-class manufacturing.\u00a0 Dayco will expand these individual electronic products into&#8230;<\/p>\n","protected":false},"author":1,"featured_media":129742,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dayco to Partner with Tecno System and Monet, Creating an Electronics Competence Center, Bolstering its Electrified Propulsion Solutions Portfolio | Propulsion Solutions<\/title>\n<meta name=\"description\" content=\"Dayco, Tecno System and Monet have entered into an agreement positioning the trio for growth in the electrified propulsion systems space.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dayco to Partner 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