Knorr-Bremse is taking the next step in becoming a global supplier of commercial vehicle steering systems by acquiring R.H. Sheppard Co., Inc., a leading commercial vehicle steering supplier in the North American market.
Knorr-Bremse is further strengthening its position as a global system supplier of integrated steering and braking systems as a basis for driver assistance (DAS) and highly automated driving (HAD) systems
The transaction – valued at USD $149.5 million – was closed on June 1, 2020
The acquisition of R.H. Sheppard Co., Inc. was transacted by Bendix Commercial Vehicle Systems LLC, Elyria, Ohio, USA, a North America-based subsidiary of Knorr-Bremse and part of the Commercial Vehicle Systems division
Full integration of Sheppard into Bendix and the global Steering business unit of Knorr-Bremse is expected to take 18 to 24 months.