Acquisition: Knorr-Bremse completes tedrive acquisition

摘要

Germany - Knorr-Bremse AG of Munich has completed its acquisition of tedrive Steering Systems GmbH based in Wulfrath. The transaction has now been approved by antitrust authorities. Peter Laier, Member of the Executive Board of Knorr-Bremse AG responsible for the Commercial Vehicle Systems division, said: "The acquisition of tedrive Steering Systems GmbH expands our capabilities as a systems supplier in the global commercial vehicle business. The product synergies between our tradition core competence in braking and the additional steering expertise offered by tedrive provide an ideal basis for the next stage of the complex control processes required for driver assist systems and automated driving.