EXPANSION INTO STEERING SYSTEMS FOR KNORR-BREMSE
Knorr-Bremse is taking over tedrive Steering Systems GmbH based in Wülfrath, Germany. With this acquisition, the world’s leading manufacturer of braking systems is adding state-of-the-art steering systems to its portfolio and thereby preparing to supply its customers with highly integrated systems, as well as new functionalities in the field of autonomous driving. The parties have agreed to treat the purchase price in confidence. The acquisition is subject to approval by the anti-trust authorities.
With some 320 employees and locations in Germany, Turkey, Russia and the USA, tedrive is a specialized development partner and manufacturer of steering systems for the global vehicle market. The company manufactures and markets an extensive portfolio that includes rack-and-pinion as well as recirculating ball steering gear systems across all vehicle segments. tedrive Steering sets the standards in the development of competitive, high-performance steering technology with its lightweight steering solutions and awardwinning intelligent Hydraulic Steering Assist (iHSA®) technology. This hydraulic system with electric steering actuation was developed with a view to meeting the demands of autonomous driving in commercial vehicles.
Autonomous driving predicates control of longitudinal and lateral vehicle dynamics independent of driver input. Today, Knorr-Bremse’s electronic brake control systems already control longitudinal motion and at the same time ensure the dynamic stability of the vehicle. In combination with iHSA, in the future Knorr-Bremse will be able to offer extended automated driving functionalities that were previously restricted to the passenger car sector, such as active lane-keeping on motorways/freeways, as well as functionalities specific to commercial vehicles, such as platooning – automated driving in convoys with short distances between vehicles – or autonomous yard manoeuvring.
tedrive Steering is a specialized development partner and manufacturer of steering systems for the global vehicle market. The company, with headquarters in Germany and around 320 employees, operates three locations in Germany, and further production, sales and technical facilities in Istanbul (Turkey), Naberezhnye Chelny (Tatarstan, Russia), Shanghai (China) and Wixom (Michigan, USA). tedrive Steering is a full-service provider in the field of steering technologies. The product portfolio encompasses rack-and-pinion as well as recirculating ball steering gear systems across all vehicle segments from small passenger cars to large trucks and buses.