Wabco to buy Sheppard as it looks to expand advanced driver assistance offering

Wabco is looking to expand its advanced driver assistance systems by acquiring Sheppard, a supplier of commercial vehicle technologies, including vehicle steering capabilities.

The purchase price is $145 million. Sheppard had sales of $130 million in 2016.

A tier-one supplier in North America, Sheppard offers a suite of power-steering gears for heavy-duty commercial and specialty vehicles.  Continue reading Wabco to buy Sheppard as it looks to expand advanced driver assistance offering