Hitachi Automotive Systems to Transfer its Commercial Vehicle Steering Business to Knorr-Bremse

Dec 10, 2018 09:39 JST

Source: Hitachi, Ltd.

TOKYO, Dec 10, 2018 - (JCN Newswire) - Hitachi Automotive Systems, Ltd. has signed an agreement with Knorr-Bremse AG, the German global market leader for braking systems, to transfer Hitachi Automotive Systems' commercial vehicle steering business to Knorr-Bremse. Specifically, Hitachi Automotive Systems will spin off its commercial vehicle steering business to a new company incorporated for this transaction through an absorption-type company split, and transfer all shares of the new company to Knorr-Bremse Asia Pacific (Holding) Ltd., which is a wholly owned subsidiary of Knorr-Bremse in Hong Kong.

As well as brakes and suspensions, power steering equipment supports the control of a vehicle's behavior. In the power steering business for commercial vehicles, Hitachi Automotive Systems manufactures and sells lightweight, compact and high-output hydraulic assist integral power steering gears.

The transfer of Hitachi Automotive Systems' commercial vehicle steering business will allow Hitachi Automotive Systems to focus and strengthen further its core portfolio. Moving forward, in addition to chassis products that improve vehicle driving performance such as passenger vehicle steering, brakes, and suspension, Hitachi Automotive Systems will continue to leverage its strengths in electronics and electrification technologies, and continually enhance its business lineup in electrification products such as electric motors and inverters, as well as advanced driver assistance system & autonomous driving (ADAS/AD) products.

Since its establishment in 1905, Knorr-Bremse has led the world in the field of braking systems and other safety-critical subsystems for rail and commercial vehicles.

The transfer of Hitachi Automotive Systems' commercial vehicle steering business has the business develop by utilizing Knorr-Bremse's customer base, technologies and expertise. It will enable Knorr-Bremse to contribute to integrated braking and steering control technologies, and contribute to the company's development of advanced driver assistance system & autonomous driving technologies for the commercial vehicle field and accelerate the company's global business expansion.

Contact:

Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111

Source: Hitachi, Ltd.
Sectors: Automotive

Latest Release

JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST

Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST

MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST

GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST

Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST

Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST

UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST

Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST

MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST

Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST

NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST

Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST

Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST

NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST

Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST

TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST

First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST

Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST

Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST

Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST

More Latest Release >>

Latest Release

Related Release