Bendix Commercial Vehicle Systems LLC, a member of the Knorr-Bremse Group, announced the signing of a definitive agreement to acquire the ProSteering business of JM Engineered Products, a Lebanon, Tenn.-based remanufacturer of power steering systems for the North American commercial vehicle market.
Upon closing, the transaction will incorporate the ProSteering brand’s products, manufacturing operations, plus its sales and service operations into Bendix’s steering business and remanufacturing unit. Complete integration is expected to take six to 12 months. Terms were not disclosed.
“With the addition of these top-line products to our lineup, the aftermarket channel will be able to turn to Bendix as a one-stop destination for an even wider range of high-quality products,” said Scott Burkhart, Bendix vice president of sales, marketing, and business development. “And customers choosing the steering components – as with our existing products – can count on the backing of Bendix’s long-established post-sales distribution, service, and support network.”
Bendix said it is working to ensure a seamless integration process for its customers.
“As we navigate through the transition, our goal is to have uninterrupted product and service,” said Dustin Carpenter, Bendix product line director for Steering. “Customers should continue to use their existing order and day-to-day support contacts until they’ve been further notified.”
With the addition of the team behind ProSteering, Bendix is adding a combined 85 years of deep knowledge of North American-based steering gears to further evolve its manufacturing and steering gear expertise built over six decades by Bendix and Knorr-Bremse Steering Systems.
Bendix said the acquisition complements its existing lineup of all-makes remanufactured products with a complete aftermarket portfolio of steering gears.