# Dayco partners with Tecno System and Monet for electronics competence center

Dayco, Tecno System and Monet entered into an equity agreement to create an electronics competence center for electrified propulsion systems. The transaction is expected to close by end of June 2023; financial details were not disclosed.

- Type: Partnership
- Announced: 2023-06-07
- Status: announced
- Products: electrified propulsion systems, fuel cell solutions, e-drives, hybrid modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Dayco](https://endata.com/companies/57503.md)
- [Tecno System](https://endata.com/companies/70722.md) (partner)
- [Monet](https://endata.com/companies/70723.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/dayco-to-partner-with-tecno-system-and-monet-creating-an-electronics-competence-center-bolstering-its-electrified-propulsion-solutions-portfolio-301842670.html), 2023-06-07: "Dayco, Tecno System and Monet have entered into an equity agreement positioning the trio for growth in the electrified propulsion systems space."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.