# 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.

- Type: Acquisition
- Announced: 2020-01-30
- Where: Hanover, USA, United States
- Value: $149.5M
- Jobs: 800
- Status: announced
- Products: steering systems for commercial vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [WABCO](https://endata.com/companies/3234.md)
- [Bendix Commercial Vehicle Systems](https://endata.com/companies/567.md) (acquirer)
- [Knorr-Bremse](https://endata.com/companies/7696.md) (acquirer)
- [Knorr-Bremse](https://endata.com/companies/7696.md) (investor)
- [R. H. Sheppard](https://endata.com/companies/38252.md) (target)

## Sources

- [ir.knorr-bremse.com](https://ir.knorr-bremse.com/en/news/knorr-bremse-aktiengesellschaft-knorr-bremse-to-acquire-rh-sheppard-co-inc-in-the-united-states/b47bce28-22f9-436f-a207-fb654cfbeb36), 2020-01-30: "Knorr-Bremse today signed an agreement to acquire R.H. Sheppard Co., Inc., Hanover, USA."
- [law360.com](https://www.law360.com/articles/1239027/wabco-sells-off-steering-biz-to-clear-way-for-7b-sale), 2020-01-30: "Wabco announced plans Thursday to sell steering business R.H. Sheppard to German braking systems maker Knorr-Bremse for $150 million"
- [truckinginfo.com](https://www.truckinginfo.com/news/bendix-buying-steering-maker-from-wabco), 2020-01-30: "Bendix Commercial Vehicle Systems LLC is buying R.H. Sheppard Co. Inc. from Wabco"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.