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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.
WABCO has signed a 10-year agreement with a major European high-end passenger vehicle manufacturer to develop and supply innovative air suspension technology, including air supply modules and control software.