Sector changes favour TRT14 Mar 2026 10:51
One of the reasons I have decided to increase is the recent news that Protean was being acquired by Exedy (first Reported 23rd Feb ’26). I believe this news is very significant for Transense as Exedy has the financial muscle to bring about speedier adoption of IWM technology. It paves the way for mass market production in industrial volumes at competitive cost, so I was surprised there hasn’t been any comment about it on this BB or LSE.
hxxps://www.automotivepowertraintechnologyinternational.com/news/partnerships-investments-acquisitions/protean-electric-joins-exedy-to-accelerate-in-wheel-motor-production-and-market-expansion.html
Exedy’s official reasons for the acquisition are stated below (the last passage caught my eye because a "bolt-on" modular approach purports to eliminate the need for extensive chassis redesigns, enabling manufacturers to add 4WD capability without significant engineering and assembly costs):
“The automotive industry is undergoing a major transformation commonly referred to as “CASE” (Connected, Autonomous, Shared & Services, and Electric), and the business environment surrounding the Company is changing significantly.
In this environment, to enhance corporate value over the medium to long term, the Company has been pursuing a transformation of its business portfolio by leveraging the technologies and customer base it has developed through its conventional powertrain components for internal combustion engine vehicles.
The Company believes that, even as mobility options diversify, the automotive industry will remain an important market going forward. Accordingly, the Company positions the automotive business as one of the key pillars of its portfolio and is advancing efforts to acquire the technologies necessary to address the ongoing shift toward electrification.
Protean Electric Ltd. is a market leader that develops, manufactures, and sells in-wheel motors— drive motors integrated into the wheels—and already has a track record of commercial deployment. Protean Electric’s in-wheel motor technology is expected to contribute to improved vehicle control performance through fast response characteristics and to increase freedom in vehicle design.
In addition, the Company believes that Protean Electric’s technology, which integrates mechanical, electrical, and control engineering, has the potential to contribute to changes in conventional drivetrain architectures. The Company also expects that such integrated technology may contribute to (i) advancing control integration, which is often cited as a challenge in the shift toward software-defined vehicles (“SDVs”), and (ii) addressing the Company group’s internal challenge of a limited number of engineers with expertise spanning both mechanical and electrical domains, thereby strengthening the Company group’s technical capabilities.
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