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Knorr-Bremse acquires IPS business of Hitachi Automotive

Knorr-Bremse informed that it has signed an agreement to acquire the commercial vehicle steering business (“Integral Power Steering” (IPS)) from Hitachi Automotive Systems, Ltd. in Japan and Thailand. IPS will establish Knorr-Bremse as a relevant supplier of power steering parts for commercial vehicles. In 2017, the ....

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