Wabco Holdings Inc was founded in the United States in 1869 as Westinghouse Air Brake Company. The Company and its subsidiaries engineers, develops, manufactures and sells integrated systems controlling braking, stability, suspension and transmission automation as well as air compression and processing for commercial vehicles. Its products include pneumatic ABS, EBS, ESC, automated manual transmission systems, air disc brakes and conventional mechanical products such as actuators, air compressors and air control valves for medium- and heavy-duty trucks, buses and trailers. In addition, it supply's to commercial vehicle aftermarket distributors and service partners as well as fleet operators with replacement parts, fleet management solutions, diagnostic tools, training and other services. The Company sells its products to four groups of customers around the globe: truck and bus OEMs, trailer OEMs, commercial vehicle aftermarket distributors of replacement parts and services and commercial vehicle fleet operators for management solutions and services, and automotive OEMs. It also provides remanufacturing services globally. It competitors are Knorr-Bremse and, in certain categories, Haldex, Bosch. The Company's operations are subject to local, state, federal and foreign environmental laws and regulations that govern activities or operations that may have adverse environmental effects and which impose liability for clean-up costs resulting from past spills, disposals or other releases of hazardous wastes and environmental compliance.
Benzinga is a fast-growing, dynamic and innovative financial media outlet that empowers investors with high-quality, unique content.