Bendix to acquire vehicle sensor business from Iteris
Bendix Commercial Vehicle Systems, a member of the Knorr-Bremse Group, has announced the signing of a definitive agreement to acquire select assets - including SafetyDirect and the AutoVue Lane Departure Warning System - from Iteris, Inc.
The transaction is expected to close prior to Aug. 31.
At that time, Bendix and Knorr-Bremse plan to incorporate the technologies and associated research, development, sales and service operations into their electronics business units, which also includes leading safety technologies such as the Bendix ESP Electronic Stability Program, Bendix Wingman Advanced - A Collision Mitigation Technology and SmarTire tire pressure monitoring system by Bendix CVS.
“This move reinforces our commitment to actively pursue business opportunities and effective technologies that help improve highway safety, enhance vehicle operation, and help fleets manage and maintain operating cost margins. It takes Bendix another step down our firmly established technology development road map and complements our global driver assistance strategy,” said Joe McAleese, Bendix president and CEO.
“North American fleets have been asking Bendix for safety data to further improve their return on investment in safety technology. SafetyDirect is a solid solution for large and small fleets that have already invested in telematics capability.”
Iteris is a leader in the traffic management market focused on the development and application of advanced technologies that reduce traffic congestion, minimize the environmental impact of traffic congestion, and improve the safety of surface transportation systems infrastructure.
Combining outdoor image processing, traffic engineering, and information technology, Iteris offers a broad range of Intelligent Transportation Systems and driver safety solutions to customers worldwide.
Iteris is headquartered in Santa Ana, California, with offices throughout North America and in Europe and Asia.
Bendix Commercial Vehicle Systems, develops and supplies leading-edge active safety technologies, air brake charging and control systems and components under the Bendix brand name for medium and heavy duty trucks, tractors, trailers, buses and other commercial vehicles throughout North America.
An industry pioneer, employing more than 2,200 people, Bendix is driven to deliver solutions for improved vehicle performance, safety and overall operating cost.
Bendix Commercial Vehicle Systems is headquartered in Elyria, Ohio, with manufacturing plants in Acuña, Mexico; Bowling Green, Ky.; and Huntington, Ind.