Wabco India’s parent company -- WABCO Holdings Inc., has entered into a definitive agreement to sell R.H. Sheppard Co., Inc. (Sheppard) to Bendix Commercial Vehicle Systems LLC (Bendix) for $149.5 million.
The company is divesting Sheppard in connection with the Antitrust Division of the U.S. Department of Justice's review of the proposed merger between WABCO and ZF Friedrichshafen AG (ZF), and pursuant to the settlement order approved by the U.S. District Court for the District of Columbia.
Wabco India is engaged in the manufacture of air brake actuation systems for commercial vehicles. The company is one of the leading providers of electronic braking, stability, suspension and transmission control systems to the global commercial vehicle industry.
