Balmoral Funds 's affiliate has acquired R.H. Sheppard, a leading provider of steering technologies for Class 5-8 trucks in North America, from Bendix Commercial Vehicle Systems , a Knorr-Bremse subsidiary (KNRRY). The acquisition includes Sheppard's branded products, production equipment, sales and service companies, and joint venture interests. Kevin Stevick, with experience at Niagara LaSalle and Advanced Alloy Processing, has been appointed CEO. The transaction positions Sheppard as an independent platform focused on strengthening operations, investing in employees, and driving innovation in the heavy-duty truck steering technology sector.
Knorr-Bremse and existing shareholders led by QVIDTVM invest a combined CHF 76 million in Nexxiot to drive digitalization in rail systems.
Nexxiot will integrate its IoT hardware and software into Knorr-Bremse's products, enhancing operational efficiency and reducing lifecycle costs.
This strategic partnership aims to expand real-time data visibility, benefiting customers in the passenger and freight markets. Knorr-Bremse's investment positions it as a leader in innovative rail solutions, emphasizing the growing demand for IoT in the rail industry.