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Home » Uncategorized » Knorr-Bremse Closes Deal To Buy Hitachi Unit
Uncategorized

Knorr-Bremse Closes Deal To Buy Hitachi Unit

The Brake ReportBy The Brake ReportApril 1, 2019No Comments2 Mins Read
Knorr-Bremse IAA
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MUNICH, Germany–Brake maker Knorr-Bremse is diversifying and strengthening its steering business by acquiring the commercial vehicle steering operation of Hitachi Automotive Systems Ltd. in Japan.

Knorr, which is alos a leading supplier of rail and heavy-duty sub-systems, closed the deal, which was struck a few months ago.

“Knorr-Bremse has global experience with commercial vehicles in the fields of vehicle dynamics, driver assistance systems and the main related actuators, which means brakes and steering. The take-over of the commercial vehicle steering business from Hitachi Automotive will expand Knorr-Bremse’s steering system portfolio and further enhance KnorrBremse’s future potential as a global supplier for driver assistance and highly automated driving solutions”, explains Dr. Peter Laier, Member of the Executive Board of Knorr-Bremse AG responsible for the Commercial Vehicle Systems division.

With this transaction, Knorr-Bremse says it is setting a further milestone to become a global supplier for CVS steering systems for RCB (recirculating ball) and TOS (torque overlay steering).

In addition, Knorr-Bremse takes a further step towards supplying its customers with highly integrated systems, as well as new functionalities in the field of driver assistance and automated driving. Furthermore, Knorr-Bremse will gain a better access to the Japanese and the Southeast Asian market and will have the opportunity to also provide further products of the business segment for commercial vehicles in these regions.

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The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest news & headlines from around the industry.

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The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest coverage of news & insights from around the industry.

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