As the culmination of plans by American Standard to spin off its commercial vehicle component business, Wabco is now publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol WBC. Operating as the Vehicle Control Systems business of American Standard, the company had revenues of nearly $2 billion in 2006.
Wabco, now headquartered in Brussels, Belgium, makes electronic braking, stability, suspension and transmission controls for heavy-duty trucks as well as components for sport utility vehicles. Its North American activities include marketing ABS and other HD vehicle controls through a 50/50 joint venture with Arvin Meritor Automotive Inc. It also owns 70% of a joint venture with Cummins Inc. that builds Wabco-designed air compressors in Charleston, SC.
Wabco was originally part of the Westinghouse Air Brake Company, which was founded in 1969, and was acquired by American Standard in 1968.