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Bendix to Acquire ProSteering
Bendix Commercial Vehicle Systems LLC, a member of the Knorr-Bremse Group, has signed a definitive agreement to acquire the ProSteering business of JM Engineered Products, a Lebanon, TN-based remanufacturer of all-makes power steering systems for the North American commercial vehicle market.
Upon closing, the transaction will incorporate the ProSteering brand’s products and manufacturing, sales and service operations into Bendix’s steering business and remanufacturing unit. Complete integration is expected to take six to 12 months.
“With the addition of these top-line products to our lineup, the aftermarket channel will be able to turn to Bendix as a one-stop destination for an even wider range of high-quality products,” said Scott Burkhart, Bendix vice president of sales, marketing and business development.
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