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New Deal


Announced

Completed

Knorr-Bremse-backed Bendix completed the acquisition of R.H. Sheppard for $150m.

Financials

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Transaction Value£120m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.1x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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diesel engines

timing devices

United States

Friendly

hydraulic components

Auto Parts

Acquisition

Completed

Private

Single Bidder

Majority

Domestic

Synopsis

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A beaking systems supplier Knorr-Bremse-backed Bendix Commercial Vehicle Systems, a supplier of steering technologies, completed the acquisition of R.H. Sheppard, an automobile parts manufacturer for $150m. WABCO divested Sheppard in connection with the Antitrust Division of the US Department of Justice's review of the proposed merger between WABCO and ZF Friedrichshafen, and pursuant to the settlement order approved by the US District Court for the District of Columbia.

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