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Knorr-Bremse completes acquisition of the commercial vehicle steering business of Hitachi Automotive Systems, Ltd. in Japan

April 01, 2019 [Knorr-Bremse Commercial Vehicle Systems]

  • Knorr-Bremse is setting a further milestone on its way to become a global supplier for CVS steering systems

  • System solutions for driver assistance and highly automated driving

  • Acquisition of the commercial vehicle steering business (“Integral Power Steering” (IPS) and “Advanced Hybrid Power Steering” (AHPS)) is now completed in Japan

  • AHPS torque overlay steering technology is contributing to systems solutions for driver assistance and highly automated driving

Knorr-Bremse, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle subsystems, closed the acquisition that was signed December 7, 2018. The acquisition was subject to anti-trust clearance which have now been met.

  • Norio Yajima, Saitama branch Chief Executive/Hitachi Automotive Systems Working Union, Thomas Lippert, Chief Financial Officer/Knorr-Bremse AP, Baoping Xu, President/Knorr-Bremse CVS AP, Kunito Nakatsuru, Managing Director/Knorr-Bremse Steering Systems Japan, Masahiko Horiuchi, Managing Director/Knorr-Bremse Rail Japan, and Joachim Baczewski, Managing Director/Knorr-Bremse CVS Japan inaugurate the new company in Japan. © Knorr-Bremse

“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 Knorr-Bremse’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 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 vehicle systems in these regions.

 
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