Knorr-Bremse, parent company of Bendix Commercial Vehicle Systems LLC and a supplier of braking systems and other technologies for rail and commercial vehicles, announced that the company closed the acquisition of R.H. Sheppard Co. Inc. on June 1. Sheppard is an manufacturer of steering systems for commercial vehicles in the North American market. The acquisition
The closing of the acquisition is subject to closing conditions and regulatory approvals and is contingent upon the closing of the ZF acquisition of WABCO.
WABCO Holdings Inc. has completed the acquisition of RH Sheppard Co., Inc., a supplier of steering technologies for commercial vehicles. This follows the successful conclusion of the required regulatory review. Sheppard currently offers a suite of power-steering gears that has set the industry standard for heavy-duty commercial and specialty vehicles. Employing more than 900 people