Knorr-Bremse acquires Hitachi Automotive Systems' commercial vehicle steering business

Knorr-Bremse signed an agreement to acquire the commercial vehicle steering systems business (IPS) from Hitachi Automotive Systems, Ltd. in Japan and Thailand. The business generated close to 100 million euros in turnover in 2017 and has approximately 350 employees. The transaction is expected to close in Q1 2019.

“Knorr-Bremse acquires the commercial vehicle steering systems business of Hitachi Automotive Systems, Ltd. in Japan and Thailand.”ir.knorr-bremse.com

• 1 source
• ir.knorr-bremse.comNews DetailDec 7, 2018

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