WABCO Opens Global Technology and Innovation Center
WABCO Holdings Inc. (NYSE: WBC), a leading global supplier of technologies and services that are engineered to improve the safety, efficiency and connectivity of commercial vehicles, officially opened its new state-of-the-art Global Technology and Innovation Center in Hanover, Germany.
“WABCO engineering team’s unique ability to anticipate industry dynamics and innovate ahead of others is a key pillar of our differentiation,” said Jacques Esculier, WABCO Chairman and Chief Executive Officer, speaking to an audience of WABCO employees, guest customers, and representatives from city authorities and central governments at the opening ceremony.
“This facility represents a major step to further enhance WABCO’s capacity and capabilities in advanced systems development and integration. By connecting this new hub to the rest of WABCO’s world, we are optimally positioned to anticipate and accelerate development of the technologies necessary for higher levels of vehicle autonomy, connectivity and electrification that our customers seek globally.”
“For nearly 150 years, WABCO has continuously pioneered safety and efficiency technologies which have led the commercial vehicle industry worldwide,” said Dr. Christian Brenneke, WABCO Chief Technology Officer. “Equipped with state-of-the-art laboratory and testing facilities, this new Global Technology and Innovation Center will be at the vanguard of WABCO’s next generation of autonomous vehicle control and advanced driver assistance technologies, such as active braking, active steering, and electronic stability control.”
Brenneke also added, “As these systems become increasingly complex to design and integrate, this center will help facilitate even closer collaboration among our talented 2,700-strong engineering work-force, particularly the 1,700 specialists supporting WABCO’s Research and Development programs worldwide.”
WABCO’s extensive technology portfolio includes multiple commercial vehicle industry-firsts, such as anti-lock braking systems, collision mitigation systems, electronic stability control and automated manual transmission controls. In 2017 alone, WABCO invested $147 million in product development and engineering and was granted over 380 new patents.
In addition to the Global Technology and Innovation Center, WABCO is planning to invest $21 million to expand its commercial vehicle testing capabilities with the extension of its unique test track for heavy-duty trucks and buses at Jeversen, near Hanover.
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