Knorr-Bremse AG, founded in 1905 and headquartered in Munich, Germany, is the world's leading manufacturer of braking systems and a major supplier of safety-critical sub-systems for rail and commercial vehicles. The company's product range includes braking systems, door systems, air conditioning systems, auxiliary power supply systems, and control components for rail vehicles, as well as braking systems, steering systems, and driver assistance systems for commercial vehicles. Knorr-Bremse operates in over 30 countries, delivering innovative and reliable solutions that enhance the safety, efficiency, and performance of transportation systems globally. Committed to sustainability and technological excellence, Knorr-Bremse invests in research and development to drive advancements in mobility and transportation technologies.
Knorr-Bremse, today announced that the company closed the acquisition of R.H. Sheppard Co., Inc., Hanover, Pennsylvania, USA (“Sheppard”) on June 1, 2020. The contract was signed on January 30, 2020. The purchase price amounts to USD $149.5 million. Sheppard is an industry-leading manufacturer of steering systems for commercial vehicles in the North American market. The acquisition of Sheppard marks another important step in Knorr-Bremse’s strategic drive to become a leading global supplier of commercial vehicle steering systems following its earlier acquisition of the Hitachi steering business in 2019.
