Dana Holding Corp. and Bosch Rexroth AG have completed their 50:50 joint venture to develop and manufacture advanced powersplit drive transmissions for global off-highway markets. Known as Dana Rexroth Transmission Systems, the JV will engineer, manufacture, and market hydromechanical variable powersplit transmission (HVT) systems, which the suppliers believe will play an important role in improving fuel economy, productivity, emissions reductions, and vehicle maneuverability. Dana and Bosch Rexroth are each contributing staff, intellectual property, and capital to the new JV company, which is based in Arco, Italy. “Dana's expertise in drivetrain system engineering and manufacturing and Bosch Rexroth's deep experience in hydraulics and control systems will enable this enterprise to deliver a unique combination of advanced transmission solutions,” said Dana Chief Technical Officer George Constand. Dana Rexroth Transmission Systems’ HVT series is targeted for the construction, material handling, and forestry markets with initial focus on wheel loaders and graders up to 360 hp (270 kW).