Knorr-Bremse has completed its acquisition of tedrive Steering Systems based in Wülfrath, Germany, with the transaction approved by the antitrust authorities.
“The acquisition of tedrive Steering Systems represents another element in our expansion of our capabilities as a systems supplier in the global commercial vehicle business,” said Knorr-Bremse Commercial Vehicle Systems board member, Peter Laier.
“The product synergies between our tradition core competence in braking and the additional steering expertise offered by tedrive, provide a basis for the next stage of the complex control processes required for driver assist systems and automated driving.
“The addition of steering systems to our portfolio will help us access new markets. It means we will be able to actively influence both longitudinal and lateral vehicle dynamics – in order to keep the truck in lane automatically, for example – or steer it past a hazard.
“This is where tedrive’s iHSA (intelligent Hydraulic Steering Assist) technology plays a part, a hydraulic steering system with electronic actuation, developed to meet the demands of automated driving in commercial vehicles.”
With the takeover of tedrive Steering, Knorr-Bremse is forming a new business unit, the Steering Centre of Competence (CoC), as part of Knorr-Bremse Systems for Commercial Vehicles.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
It will be managed by tedrive Steering General Manager, Thomas Brüse.
The acquisition of tedrive Steering means Knorr-Bremse will take over 320 employees, who work at two production plants in Wülfrath near Wuppertal (Germany) and at further production, sales and technical facilities in Istanbul (Turkey), Nabereznyje Chelny (Tatarstan, Russia), and Wixom (Michigan).
Applications for tedrive steering products are found in light commercial vehicles, buses and heavy-duty trucks, as well as special-purpose vehicles, SUVs and passenger cars.