WABCO Announces Multi-Year Contract with IVECO to Supply Anti-Lock Braking Technology for Light- and Medium-Duty Trucks in South America
(firmenpresse) - BRUSSELS, BELGIUM -- (Marketwire) -- 05/15/12 -- WABCO Holdings Inc. (NYSE: WBC), () a global technology leader and tier-one supplier to the commercial vehicle industry, has entered into a long term agreement with IVECO to supply anti-lock braking technology for IVECO's platforms of light- and medium-duty trucks produced in Brazil from 2013 onward. IVECO, a global manufacturer of commercial vehicles, is headquartered in Turin, Italy.
WABCO's new agreement with IVECO is consistent with the Brazilian federal government's mandate for compulsory anti-lock braking systems (ABS) on new trucks, buses and trailers to further increase vehicle and road safety. According to Brazilian legislation, 40 percent of total commercial vehicles produced in Brazil in 2013 must be equipped with ABS and 100 percent in 2014.
Presently, a small percentage of new commercial vehicles registered in Brazil are equipped with ABS which prevents locking of a vehicle's wheels when road friction is not sufficient to transmit braking forces. WABCO pioneered ABS for commercial vehicles in 1981 and is by far the local market's leading technology supplier.
"This major new contract with IVECO further demonstrates WABCO's technology leadership in South America," said Reynaldo Contreira, WABCO South America Business Leader. "We are passionate about the continued growth potential for WABCO anti-lock braking systems in South America."
WABCO has a long established supply relationship with IVECO globally. WABCO furnishes anti-lock braking, electronic braking and electronically controlled air suspension systems, as well as air compressor technology, vehicle control modules and braking products, among other vehicle components.
About WABCO
WABCO (NYSE: WBC) is a leading global supplier of technologies and control systems for the safety and efficiency of commercial vehicles. For over 140 years, WABCO has pioneered breakthrough electronic, mechanical and mechatronic technologies for braking, stability and transmission automation systems supplied to the world's leading commercial truck, trailer and bus manufacturers. With sales of $2.8 billion in 2011, WABCO is headquartered in Brussels, Belgium. For more information, visit .
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Datum: 15.05.2012 - 05:00 Uhr
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News-ID 1114361
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