ELYRIA, Ohio – Bendix announced in early January that it has finalized an agreement to acquire Eaton’s Vorad collision warning system.
The radar-based collision mitigation system officially changed hands Dec. 31. The assets associated with Vorad will be incorporated into Bendix’s electronics business unit, the company announced. Bendix did not disclose the value of the deal.
Eaton’s Roadranger marketing organization will continue to market and support the Vorad system in the North American marketplace.
“Every Bendix employee is passionate about improving the safety on our nation’s highways; about reducing the number of fatalities and serious injuries in commercial vehicle-related accidents; and about providing an economic payback to our end-users, through a complete range of active safety systems. This move is another important step in our overall business growth plan,” said Joe McAleese, Bendix president and CEO.
Bendix also finalized a deal to acquire SmarTire Systems, a tire pressure monitoring system developed in Canada.
Bendix didn’t disclose financial terms of the deal, which closed Dec. 11.
However, Bendix announced it will immediately incorporate SmarTire’s assets into its own electronics business unit.
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