WABCO Signs Long Term Deal with IVECO
The agreement is to supply WABCO's innovative air processing unit (APU) technology for IVECO's complete range of trucks in Brazil and Argentina starting in 2012.
WABCO said that its new generation of APU technology combines an innovative multi-protection valve with proven air dryer and air cartridge systems in a superbly engineered compact design. This means improved reliability and optimal performance while increasing energy efficiencies of IVECO light, medium and heavy duty trucks.
This contract with IVECO for APU technology to support series production in Brazil and Argentina represents new business and further expands WABCO's long established supply relationship with IVECO.
WABCO furnishes IVECO with 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.
For over 140 years, WABCO has pioneered breakthrough electronic, mechanical and mechatronic technologies for braking, stability and transmission automation systems supplied to the worldâ€™s commercial truck, trailer and bus manufacturers. The company has 9,900 employees in 31 countries and achieved sales of $2.2 billion in 2010.
Nikhil Varty, vice president of compression and braking at WABCO, said: â€œThis new agreement with IVECO further demonstrates WABCO's technology leadership while also growing our air management business in South America.
â€œOur partnership with IVECO continues to expand as we add value for their vehicles through global capabilities that increase vehicle performance, maximize reliability, improve energy savings and provide clean air solutions.â€
Will the deal benefit the firms?
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