Announced
Completed
Financials
Tags
diesel engines
timing devices
United States
Friendly
hydraulic components
Auto Parts
Acquisition
Completed
Private
Single Bidder
Majority
Domestic
Synopsis
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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