German company Knorr-Bremse AG has assumed operational control of Bendix Commercial Vehicle Systems LLC from Honeywell International Inc.

The deal, widely anticipated for some time, has passed review by U.S. regulatory authorities. The board of directors of Honeywell and the supervisory board of Knorr-Bremse approved the transaction late last year.
Knorr-Bremse is a privately owned German firm that is a market leader in braking systems for both railways and commercial vehicles. Bendix Commercial Vehicle Systems LLC had been operating as a joint venture between Honeywell and Knorr-Bremse AG since 1993. The Bendix brand name will remain intact following the January transaction close.
"The deal further solidifies the opportunity for our customers to receive the latest advances in European technology and engineering," said Joe McAleese, Bendix vice president and general manager. "This is particularly evident in the areas of electronic braking systems, air disc brakes, compressors and air treatment systems."
Four Bendix development and manufacturing facilities - three in the US and one in Mexico - now join Knorr's 12 existing commercial vehicle development and production sites along with numerous sales companies in Europe and Asia Pacific.
There is no anticipated change to the local business leadership or to local business operations as a result of the ownership transition. Bendix, while fully integrated as a contributing member of the Knorr-Bremse Group, will continue to conduct business operations as usual.
Bendix will continue to offer its full line of Bendix products, with plans under way to expand product availability to include Knorr-Bremse components.
On January 10, the company converted its legal form from a general partnership - known as Honeywell Commercial Vehicle Systems Company - to a limited liability company, and as a result, changed its business name to Bendix Commercial Vehicle Systems LLC. The company supplies air brake and control systems, components and leading-edge safety technologies under the Bendix brand name for medium-duty and heavy-duty trucks, tractors, trailers, buses and other commercial vehicles.