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Wabco Holdings (WBC) Enters $950M Long-Term Agreement with Global Manufacturer to Supply its Leading Braking, Advanced Driver Assistance Systems and Efficiency Technologies
December 20, 2018 6:34 AM ESTWABCO Holdings Inc. (NYSE: WBC) today announced that it has signed a $950 million long-term agreement with one of the worlds top manufacturers of commercial vehicles. Under the eight-year agreement, WABCO will equip two of the original equipment manufacturers (OEM) brands with its leading braking, advanced driver assistance systems (ADAS) and efficiency technologies.
Representing a further industry endorsement of WABCOs global leadership in braking system platforms, this latest multi-year agreement confirms WABCO as the OEMs sole supplier for electronic braking systems (EBS) in Europe and anti-lock braking systems (ABS) in Brazil. WABCO... More
