WABCO Holdings Inc., has entered into a definitive agreement to sell R.H. Sheppard Co., Inc. to Bendix Commercial Vehicle Systems LLC for $149.5 million.
Bendix Buying Steering Maker from Wabco
Bendix is buying commercial steering supplier R.H. Sheppard from Wabco, a move that adds to its position as a maker of integrated steering and braking systems, which are the basis for highly automated driving and advanced driver assistance systems.