Knorr-Bremse Completes Acquisition Of R.H. Sheppard Co., Inc.: The Acquisition Is A Major Step Towards Becoming A Leading Global Manufacturer Of Steering Systems For Commercial Vehicles

- 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 – closed on June 1, 2020

- The acquisition of R.H. Sheppard Co., Inc. was transacted by Bendix Commercial Vehicle Systems LLC, the 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