WABCO Signs $180 Million Agreement with Global Manufacturer to Supply Power Steering Gears
Subsidiary R. H. Sheppard is well-placed to provide the OEM with a range of steering solutions
WABCO Holdings Inc global
supplier of braking control systems and other advanced technologies that improve
the safety, efficiency and connectivity of commercial vehicles, today announced
that R. H. Sheppard, its subsidiary that develops and manufactures steering
systems for commercial vehicles has signed a $180 million long-term extension
agreement with one of the world’s leading original equipment manufacturers
(OEM) to supply power steering gears for its truck brands in the U.S.
This latest agreement further represents an industry endorsement of R. H.
Sheppard‘s world-class commercial vehicle steering capabilities and builds on
its long standing partnerships with the OEM. Additionally, R. H. Sheppard
is well-placed to provide the OEM with a range of steering solutions. Under the
agreement, it will furnish the OEM with its leading M-Series and D-Series power
steering gears, covering a broad range of Class 5 to 8 medium and heavy-duty
trucks for two of the OEM‘s leading brands. The OEM is one of the largest truck
manufacturers in North America and has a growing presence in overseas markets.
R. H. Sheppard‘s steering solutions provide a number of differentiating
benefits for all OEMs, as confirmed by a supplier award from this leading
global manufacturer. Its vertical integration of the supply chain means full
control of the manufacturing and logistics process, thus ensuring parts
availability and just-in-time delivery for OEMs. Additionally, fleets benefit
from the proven quality and long product life of these steering gears as well
as the ease of on-truck serviceability, which optimizes vehicle uptime.
“As a long-standing and trusted strategic partner of this global manufacturer,
we are delighted to now include hydraulic power steering gears to the advanced
technology portfolio that we already provide to them,” said Jon Morrison, WABCO
President, Americas.
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