Knorr-Bremse is to purchase the on-highway CVS transmission components business from Bosch in Japan, with around 120 employees transferring.
The acquisition will enable Knorr-Bremse to develop and manufacture gear shift units and clutch actuators as well as transmission control units for trucks and buses locally for the Asian market.
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No acquisition price has been disclosed and the deal is subject to approval by anti-trust authorities.
“For Knorr-Bremse, this acquisition represents an important step in expanding our presence in the fast-growing Asian market for automated manual transmissions (AMT) as well as dual clutch transmissions (DCT) and will enable us to meet the needs of our customers in this region,” said Knorr-Bremse Commercial Vehicle Systems Division board member, Peter Laier.
“The Japanese aspiration to build quality products aligns with our corporate philosophy. The CVS transmission product range makes the perfect complement for the portfolio of Knorr-Bremse as a major player in this segment.
“As a result, we will be able to leverage synergies fast and join forces to achieve the sharp increase of the AMT market share we are targeting in the region and in China in particular.
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By GlobalData“With this in mind, we are planning closer engineering collaboration between our subsidiaries in Japan and China as well as with the European R&D team.”
