Bendix agrees to acquire SmarTire

Jan. 1, 2009
Bendix Commercial Vehicle Systems LLC, a North American affiliate of Munich, Germany-based Knorr-Bremse AG, plans to acquire the business and related

Bendix Commercial Vehicle Systems LLC, a North American affiliate of Munich, Germany-based Knorr-Bremse AG, plans to acquire the business and related assets of SmarTire Systems Inc. for an undisclosed amount. Based in Vancouver, British Columbia, SmarTire is a developer and marketer of advanced tire-monitoring systems, plus wireless sensing and control systems for commercial vehicles.

The transaction terms are expected to be finalized during the fourth quarter of 2008 and are subject to corporate approvals from both entities. When completed, Bendix plans to incorporate the SmarTire business into its existing electronics business unit, which also includes technologies such as the Bendix ESP Electronic Stability Program and Adaptive Cruise Control (ACC).

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Seasonal Strategies for Maintaining a Safe & Efficient Fleet Year-Round

Prepare your fleet for every season! From winterizing vehicles to summer heat safety, our eBook covers essential strategies for year-round fleet safety. Download now to reduce...

Streamline Compliance, Ensure Safety and Maximize Driver's Time

Truck weight isn’t the first thing that comes to mind when considering operational efficiency, hours-of-service regulations, and safety ratings, but it can affect all three.

Improve Safety and Reduce Risk with Data from Route Scores

Route Scores help fleets navigate the risk factors they encounter in the lanes they travel, helping to keep costs down.

Celebrating Your Drivers Can Prove to be Rewarding For Your Business

Learn how to jumpstart your driver retention efforts by celebrating your drivers with a thoughtful, uniform-led benefits program by Red Kap®. Uniforms that offer greater comfort...