A subsidiary of CNH Industrial, Iveco’s parent company, has acquired UK-based alternative propulsion systems specialist Potenza Technology
FPT Industrial, the global powertrain brand of CNH Industrial N.V. announced on 11 March that it has acquired Potenza Technology, a company specialising in the design and development of electric and hybrid powertrain systems.
This acquisition represents another step in FPT Industrial’s path towards electrification, one of the pillars of its multi-power strategy.
“Sustainable powertrain technology is of increasing global focus and concern, and here at CNH Industrial, we are committed to delivering solutions, which not only reduce emissions and enhance productivity but which deliver futureproof technology for the long term,” said Hubertus Mühlhäuser, Chief Executive Officer, CNH Industrial. “This, our latest acquisition, is further testament to this.”
“FPT Industrial is acknowledged as a leader in alternative propulsion systems, and the acquisition of Potenza Technology will further enhance our brand’s accelerating development of sustainable electric powertrains across a range of operating segments,” said Annalisa Stupenengo, President, Powertrain, CNH Industrial.
Potenza Technology, based in Coventry, has been developing electric powertrain technology since 1999. The company has specific expertise in functional safety, battery management systems for traction battery packs, and electric and electronic systems design and development.