Dana Incorporated Announces New Leadership to Lead Electric Vehicle Systems Engineering

Dana Incorporated | May 11, 2020

  • Dana Incorporated today announced that Dr. Hong Yang has joined the company as senior director of electric vehicle systems engineering.

  • Dr. Yang most recently served as director of engineering for Sensata Technologies where he led the company's global engineering efforts for electrification.

  • Dr. Yang is currently an adjunct associate professor in the electrical and computer engineering department at McMaster University in Hamilton, Ontario, Canada.

Dana Incorporated today announced that Dr. Hong Yang has joined the company as senior director of electric vehicle systems engineering for its Commercial Vehicle Drive and Motion business unit.

In this role, he will lead full electric vehicle architecture and systems engineering, including software deployment and testing, component and subsystem integration, as well as Dana's hybrid and electric vehicle strategies and product roadmap.

Dr. Yang's significant experience in electrified systems engineering is well suited for driving and expanding our e-Powertrain capabilities for customers.

- Ryan Laskey, senior vice president, Commercial Vehicle Drive and Motion Systems

Dr. Yang most recently served as director of engineering for Sensata Technologies where he led the company's global engineering efforts for electrification. Prior to this, he worked on autonomous vehicle integration for Uber's Advanced Technology Group; battery management systems for Fiat Chrysler Automobiles; and hybrid powertrain systems and controls for General Motors.

Dr. Yang's understanding of autonomous driving and software combined with his background in battery management and electric vehicle development makes him an excellent fit to lead our delivery of sustainable solutions for our customers.

- Christophe Dominiak, chief technology officer for Dana

He earned a master's degree in electrical engineering and a doctorate in mechanical engineering from the University of Michigan, as well as a bachelor's degree in mechanical engineering and master's degree in robotics from Southeast University in Nanjing, China.

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Dr. Yang is currently an adjunct associate professor in the electrical and computer engineering department at McMaster University in Hamilton, Ontario, Canada, and serves as a guest editor for the International Journal of Vehicle Design. He is a committee member of IEEE ITEC, and an Advanced Battery session chair for the SAE World Congress.

About Dana Incorporated:

Dana is a world leader in providing power-conveyance and energy-management solutions that are engineered to improve the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. Enabling the propulsion of conventional, hybrid, and electric-powered vehicles, Dana equips its customers with critical drive and motion systems; electrodynamic technologies; and thermal, sealing, and digital solutions.

Read more: 3 Ways Autonomous Vehicles Can Benefit Construction Industry


Data engineers perform mission-critical data cleansing, transformations, and manipulations to make business use cases such as real-time dashboards or fraud detection possible. Common data engineering tasks include Extract, Transform, and Load (ETL) of unstructured data into a data warehouse or feature engineering to train machine learning algorithms.


Data engineers perform mission-critical data cleansing, transformations, and manipulations to make business use cases such as real-time dashboards or fraud detection possible. Common data engineering tasks include Extract, Transform, and Load (ETL) of unstructured data into a data warehouse or feature engineering to train machine learning algorithms.

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Infor | August 27, 2020

Infor, a global leader in business cloud software specialized by industry, today announced the launch of Infor Construction and Property Management, a cloud-based solution that lets construction businesses, serving the healthcare and public sector industries, digitize their entire operations and expand into property management roles. Infor Construction and Property Management offers embedded business intelligence and analytics, simplified navigation, and enhanced security and SaaS capabilities to help businesses manage the entire building process, from scaffolding to lease management. "Construction companies are expanding beyond their traditional role as a builder to now include property management," said Bill Vellante, Infor vice president and general manager. "With Infor Construction and Property Management, you have a single platform that takes you from scaffolds to tenants. With a sophisticated user interface and modern digital architecture, users now have insights across the full development and management phases." Infor Construction and Property Management is tailored for construction businesses serving customers across the healthcare industry and public sector. For healthcare-focused businesses, the solution can help reduce the cost of hospital and commercial office building build outs, as well as property management of leases and tenants, which in turn boosts operational efficiency. Public sector-focused construction businesses can leverage the solution to solve critical leasing needs, such as sourcing and managing tenants for airport and transit centers, school and educational buildings, U.S. Department of Housing and Urban Development (HUD) properties, and higher education and university management housing.

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Bentley Systems Enters into Agreement to Acquire Power Line Systems, Global Leader in Software for Power Transmission Engineering

Bentley Systems | November 18, 2021

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, announced that it has entered into a definitive agreement to acquire Power Line Systems—a leader in software for the design of overhead electric power transmission lines and their structures—from private equity firm TA Associates for approximately $700 million. The consideration is payable, at BSY’s election, in cash or a combination of cash and BSY stock. As an established subscription business with no full-time go-to-market staffing, Power Line Systems generates extraordinary profitability and cashflow, and accordingly, the acquisition is expected to be accretive to BSY’s corresponding financial metrics. The combination will substantially complete the reach of BSY’s comprehensive portfolio for the lifecycle integration of grid infrastructure across electrical transmission, substation, and distribution assets, and communications towers. The resulting breadth and depth of the company’s software and cloud services for grid integration will uniquely position BSY to support the modernization of grid infrastructure for renewable energy sources and storage, mobility electrification, ubiquitous broadband and 5G communications, and environmental resilience and adaptation. By rare global consensus, power infrastructure is of such pivotal priority that the U.S.’s Infrastructure Investment and Jobs Act commits $65 billion of incremental funding for it, with Goldman Sachs estimating that $3 trillion will need to be spent across the world annually for electrification and renewables to fully accomplish the environmental goals being endorsed by assembled political leaders. The acquisition is subject to customary closing conditions, including HSR Act notification. Upon closing, Power Line Systems will operate within Bentley’s new Grid Integration Group, combining also its SPIDA analysis products and fast-growing-startup OpenTower business, with Power Line Systems’ current CEO Otto Lynch reporting to Bentley’s Chief Acceleration Officer Santanu Das. Power Line Systems was founded by University of Wisconsin professor Dr. Alain Peyrot in 1984, and is headquartered in Madison, WI. Its concentrated focus from the outset has been ever-improving engineering tools for overhead power line structures, earning the supportive confidence of transmission engineers as the industry standard of best practice throughout the U.S., increasingly across Europe, and opportunistically in Asia. Power Line Systems’ “PLS” software can advantageously bring transmission-grade sophistication to broader applications in overhead distribution and in the communications grid which—to deliver the more intensive reach of 5G—increasingly includes newly shared towers and poles. Bentley Systems’ recently developed OpenTower iQ cloud service is generating impactful new business growth by meeting the new demands of communications tower owners for lifecycle digital twins of their existing towers. Tower digital twins leverage UAV-surveyed reality modeling, machine learning, and asset performance modeling to help maximize these assets’ capacity, revenue, safety, and reliability while minimizing costs and risks of work on site. BSY’s new Grid Integration Group can now expand this opportunity to existing power transmission towers, where reliability, safety, and fitness for purpose are stressed by deterioration, weather extremes, and vegetation encroachment. Despite not to date having any transmission market offerings, Bentley Systems has been ranked by ARC Advisory Group as leading its broader grouping of Electrical Transmission and Distribution, and Communications within Engineering Design Tools for Plants, Infrastructure, and BIM. By bringing together Power Line Systems’ products (for transmission) with OpenUtilities Substation and SPIDA (for distribution) and OpenTower (for communications) and OpenUtilities Designer and OpenComms (for network provisioning), Bentley Systems’ grid integration and digital twin offerings will span virtually all physical grid structures, lines, and networks at the same time as these are becoming increasingly shared by utilities for multiple purposes—and just as grid modernization has become perhaps the world’s most vital infrastructure engineering challenge. “Acquiring Power Line Systems fills a very important gap in our energy grid offerings at this fortuitous juncture when grid upgrades, resilience, and integration combine to drive one of the most urgent and sustained growth opportunities we’ve ever seen. Becoming the going-digital leader in power transmission engineering also adds meaningfully to our ‘ES(D)G’ handprint—empowering sustainable development goals by supporting the world’s much-needed energy transitions to reduce carbon emissions. We look forward to welcoming Otto Lynch and Erik Jacobsen, respectively chief executive and chief technology officers of Power Line Systems, and their colleagues—who have shown how much can be accomplished by so few, through virtuosity in software development and relentless commitment to engineering advancement. Our global go-to-market resources can now be deployed to take full advantage of burgeoning market demand—a consequence of the momentum driving incremental renewable energy sources and ubiquitous electrification—for going digital in transmission, and integrated grid, engineering.” -Bentley’s CEO Greg Bentley Otto Lynch said, We are enthused to be joining the like-minded Grid Integration Group within Bentley Systems to enlarge our collective contributions further across the broader grid, further across the infrastructure lifecycle, and further across the world. The community of transmission engineers for whom Power Line Systems has been the go-to software provider will also gain from our expanding scope and reach. Ashu Agrawal, a managing director at TA Associates and Power Line Systems board member, said, Otto and the PLS team have created the standard for efficiency and software-enablement of the indispensable work of power transmission engineers. However, the accelerated pace of the global energy transition creates a need for further expansion of and innovation in the grid. We’re confident Bentley Systems can provide the right surrounding constellation to expand Power Line Systems toward full grid digital twins. Bentley’s CFO David Hollister said, Our portfolio development team has long regarded Power Line Systems as a perfect match, which now comes at a perfect time for us to take advantage of heightened market opportunities for energy transition and grid modernization. In relation to the $700 million base purchase price, the deal structure enables a tax-deductible step-up in basis that we present-value at approximately $90 million. The transaction is expected to close by year end, and our optionality until closing to pay the consideration partially in shares, or as much as fully in cash, can be accommodated under our existing $850 million revolving credit facility, although we remain open to exploring alternative sources of financing. We expect the Power Line Systems business to be able to contribute in 2022: approximately $30 million of subscription revenue accretion in our overall ARR growth rate, and profitability consistent with its history of EBITDA margins more than twice BSY’s. Advisors Goldman Sachs is serving as financial advisor and Simpson Thacher & Bartlett LLP is acting as legal counsel to Bentley Systems. Lazard is serving as financial advisor and Goodwin Procter LLP is acting as legal counsel to Power Line Systems and TA Associates. About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geosciences software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $800 million in 172 countries.www.bentley.com

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SOCOTEC GROUP | January 18, 2022

After its first acquisition in 2021 in the Dutch market, the SOCOTEC Group, a trusted third party and a leading company in building and infrastructure risk management, announces the acquisition of Inpijn Blokpoel, a major player in the Dutch ground investigation and geotechnical market. With the acquisition of Inpijn Blokpoel Engineers, SOCOTEC is strengthening its position as a key player in the Dutch construction and infrastructure TIC market and is expanding its service portfolio to better serve its customers. The ambition of the group is to become the leading company in testing, inspection and certification services in the construction and infrastructure sectors, alongside the lifecycle of any built environment. Founded in 1975 and headquartered in Son, close to Eindhoven, Inpijn Blokpoel Engineers, employs more than 100 people and has a turnover of over 12 million euros. With three main locations around the country (Son, Waddinxveen and Groningen), it is a key player in geotechnics, geophysics and environmental services, some of the core services of the SOCOTEC Group whose global ambition is to meet the growing challenges of environmental, energy, regulatory and digital transitions in the construction and infrastructure sectors. Inpijn Blokpoel Engineers is a specialist in the field of geotechnical and environmental consultancy services using the most modern ground investigation equipment and a cutting-edge laboratory. Consultancy services are provided in the areas of building foundations, construction pits, drainage, wind turbines, logistics centers, structural damage analysis, geophysics, dykes etc. During construction phase, full geotechnical supervision and monitoring can be supplied. Inpijn Blokpoel's clients are contractors, property developers, structural engineers, large engineering companies but also private individuals and of course most Dutch water boards, given its specific know-how in the field of dykes. Inpijn Blokpoel Engineers' core expertise in geotechnics is highly complementary to Hanselman Group acquired by the SOCOTEC Group last August 2021, as the company offers technical expertise for claim management, construction site nuisances management and monitoring services as well as technical inspection in the real estate market. "We are thrilled to have Inpijn Blokpoel as part of our group. Inpijn Blokpoel's brand reputation in the Netherlands and entrepreneurial culture fit extremely well with our organisation and internationalisation strategy. Also, Inpijn Blokpoel broadens our service offering following the acquisition of Hanselman Group. Even if they will remain independent, both companies will be much stronger together and will support the development of the SOCOTEC brand in Europe. With a €25.0m of combined turnover in the Netherlands, SOCOTEC is now a key player in the country and the only one able to offer such a range of services to the Dutch construction and infrastructure markets. Finally, Inpijn Blokpoel complements our existing network of pan-European experts in geotechnics and monitoring across France, the UK, Germany and Italy, from which I expect great technical synergies as well as commercial benefits." -Hervé Montjotin, CEO of the SOCOTEC Group Erik Geurtjens, Managing Director of Inpijn Blokpoel Engineers added: "Joining the SOCOTEC Group is a great opportunity for our organisation, our people and our customers. With the support of SOCOTEC and its technical expertise, we will be in an even better position to accomplish what we have been striving for as a team, over the last 45 years: to minimise the geotechnical and environmental risks for our clients when developing projects in the construction and infrastructure sectors, always looking for the most economical and sustainable options. In the near future, we will be able to expand our market further, serving our customers throughout the entire life cycle of a project." ABOUT THE SOCOTEC GROUP At the service of companies for almost 70 years, the SOCOTEC Group, chaired by Hervé Montjotin, has built its reputation as a trusted third party in the fields of risk management, compliance, safety, health and environment in the Construction, Infrastructure and Industry sectors.As a guarantor of the integrity and performance of assets as well as the safety of people, SOCOTEC develops a range of services in testing, inspection and certification (TIC) for companies in the public and private sectors for their buildings, equipment, infrastructures or constructions. SOCOTEC contributes to the optimisation of their performance by controlling the risks inherent to their activity. Its expertise enables SOCOTEC to support its clients throughout the life cycle of their projects and assets, resulting in a long-term partner position.N°1 in construction inspection in France, and a major player in TIC services in the Construction and Infrastructure sectors in Europe and the United States, the SOCOTEC group will achieve a consolidated turnover of €1bn in 2021 (50% of which was generated outside France) with 200,000 clients. With a presence in 23 countries and 9,700 employees, it has more than 250 external accreditations, enabling SOCOTEC to act as a trusted third party in many projects. In France, it has more than 150 locations throughout the country, including 32 training centers.

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