Dana Incorporated announced today a strategic, multi-year supply agreement that positions the company as a preferred global supplier of drive and motion products for Hyster-Yale Group, Inc., the wholly owned operating subsidiary of Hyster-Yale Materials Handling, Inc.

Under the terms of the agreement, Dana 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 Hyster-Yale’s long-term strategic initiatives.

The agreement encompasses a wide range of lift-truck vehicles sold under the Hyster^® and Yale^® brand names, including Class 1 through Class 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,” said Steve Karas, vice president of global supply chain management, Hyster-Yale Group, Inc. “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.”

Dana has earned numerous supplier awards as a trusted Tier-One supplier, including Hyster-Yale’s “Certificate of Merit,” “Preferred Supplier Recognition,” and “Continuous Improvement Award,” which recognizes suppliers who are actively engaged in quality improvement, have shown a significant or sustained improvement during the past year, and are committed to prevention of recurrence.

Dana is a leading supplier of Spicer^® drive and Brevini^® motion products for material-handling vehicles that are designed to work seamlessly and allow operators to engage, lift, and transport heavy loads with speed and precision.

“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,” said Aziz Aghili, president of 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.”