M&A Deal Summary

Bendix Commercial Vehicle Systems Acquires SmarTire Systems

On October 26, 2008, Bendix Commercial Vehicle Systems acquired automotive company SmarTire Systems

Acquisition Highlights
  • This is Bendix Commercial Vehicle Systems’ 1st transaction in the Automotive sector.
  • This is Bendix Commercial Vehicle Systems’ 1st transaction in Canada.
  • This is Bendix Commercial Vehicle Systems’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2008-10-26
Target SmarTire Systems
Sector Automotive
Buyer(s) Bendix Commercial Vehicle Systems
Deal Type Add-on Acquisition

Target

SmarTire Systems

Richmond, British Columbia, Canada
SmarTire develops and markets proprietary advanced wireless sensing and control systems worldwide under the SmartWave trademark. The company has invested more than $100 million in research and design for its patented tire monitoring technology. It has developed numerous patent-protected wireless technologies and has advanced tire-monitoring solutions since 1987.

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Buyer(S) 1

Buyer

Bendix Commercial Vehicle Systems

Elyria, Ohio, United States
Category Company
Founded 1999
Sector Automotive
DESCRIPTION

Bendix Commercial Vehicle Systems LLC develops and supplies major-edge active safety technologies, air brake charging, and control systems and components under the Bendix® brand name for medium- and heavy-duty trucks, tractors, trailers, buses, and other commercial vehicles throughout North America. Bendix Commercial Vehicle Systems is headquartered in Elyria, Ohio, with manufacturing plants in Acuña, Mexico; Bowling Green, Ky.; and Huntington, Ind.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2008) 1 of 1
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