Dana Holding Corp. and Bosch Rexroth AG are forming a 50:50 joint-venture (JV) company—expected to operate in Arco, Italy—that will engineer, manufacture, and market hydromechanical variable powersplit transmission systems (HVT) for global off-highway markets. Dana and Bosch Rexroth recently signed a memorandum of understanding to that effect. The companies will contribute staff, intellectual property, and capital to the new JV, which will benefit from Dana’s expertise in off-highway transmission engineering and manufacturing, and Bosch Rexroth’s experience in hydraulics and systems. “The smart interaction of hydraulics and mechanics will be the driving factor for future innovation in drive transmissions,” said Bosch Rexroth Executive Vice President of Engineering and Manufacturing Reiner Leipold-Buettner. The advanced HVT systems will focus on improving fuel economy, productivity, emissions, and maneuverability. Dana and Bosch Rexroth are currently engaged in a joint project to develop powersplit transmissions for construction machines.