The deal, says Knorr-Bremse, will enable it to better serve the Asian market with gear shift units and clutch actuators, as well as transmission control units for trucks and buses.
“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 even more comprehensively,” explains Dr Peter Laier, member of the executive board of Knorr-Bremse AG, responsible for its commercial vehicle systems division.
Bosch’s range, says Laier, is “the perfect complement” for its own portfolio of products.
He adds: “We will be able to leverage synergies fast and join forces to achieve the sharp increase of the AMT market share that we are targeting in the region and in China in particular. With this in mind, we are planning an even closer engineering collaboration between our subsidiaries in Japan and China, as well as with the European R&D team.”
The deal is subject to approval by the anti-trust authorities.