Knorr-Bremse to acquire R.H. Sheppard Co. for $149.5 million

Knorr-Bremse AG signed an agreement to acquire R.H. Sheppard Co., Inc., a manufacturer of steering systems for commercial vehicles in North America, for a purchase price of USD 149.5 million. The acquisition is expected to close in the first half of 2020.

“Knorr-Bremse today signed an agreement to acquire R.H. Sheppard Co., Inc., Hanover, USA.”ir.knorr-bremse.com

• 3 sources
• ir.knorr-bremse.comNews DetailJan 30, 2020
• law360.comWabco Sells Off Steering Biz To Clear Way For $7B Sale - Law360Andrew KarpanJan 30, 2020
• truckinginfo.comBendix Buying Steering Maker from Wabco | Heavy Duty TruckingJan 30, 2020

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