WABCO Holdings Inc.
NYSE : WBC

WABCO Holdings Inc.

September 07, 2015 03:00 ET

WABCO Announces Major Long-Term Supply Agreement With a Leading Russian Commercial Vehicle Maker; Discloses Its New Major-Supplier Win at COMTRANS/15 International Exhibition in Moscow

BRUSSELS, BELGIUM and MOSCOW, RUSSIA--(Marketwired - Sept. 7, 2015) - WABCO (NYSE:WBC) (www.wabco-auto.com), a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles, today announced that it has entered into a new long-term agreement as major supplier for a comprehensive range of advanced and conventional technologies with one of Russia's largest heavy-duty commercial vehicle manufacturers.

WABCO made its announcement at COMTRANS/15, one of the industry's largest commercial vehicle auto exhibitions, to be held until September 12 in Moscow, Russia.

The new agreement marks further expansion of WABCO's partnership with this customer as WABCO is now engaged as major supplier of anti-lock braking as well as electronic braking systems; traction control and electronic stability control; and electronically controlled air suspension, among other braking and air management products that help to improve vehicle safety and efficiency.

For more than a decade, WABCO has been supplying this major original equipment manufacturer headquartered in Russia with innovative technologies for braking, stability and suspension systems.

WABCO was awarded its major supplier relationship based on results of a tender. WABCO's differentiation is furthered through its comprehensive offering of advanced systems and conventional technologies produced in best cost countries, resulting in delivery of high quality products at optimal cost efficiency. In addition, local WABCO application engineers support this customer throughout product development and completion of successful homologation.

"WABCO is proud to earn this important customer's preference as their major supplier as we had fully anticipated their vehicle safety and efficiency needs for their different platforms serving the Russian market and neighboring economies," said Dmitri Medvedev, WABCO Business Leader, Russia and CIS. "WABCO is further differentiated by bundling the most convincing and reliable offering of products, services and cost efficiency to help improve the competitiveness of our customer's own product range in an increasingly challenging commercial vehicle market environment."

"Winning this incremental business is yet another example of how WABCO creates a world of difference for customers through technology leadership, world-class global manufacturing, and excellence in execution from product development to series production," said Medvedev.

Headquartered in Moscow, WABCO Russia has a factory in Miass and a distribution center in the Moscow region, supplying makers of trucks, trailers and buses, as well as aftermarket customers. WABCO has been serving markets within the Commonwealth of Independent States (CIS) for more than 40 years. WABCO Russia alone has also five regional sales offices, 25 dealers, more than 160 authorized WABCO shops and more than 170 Service Partners across the country.

WABCO at Comtrans 2015
Moscow, Crocus Expo
Pavilion 3, Hall 15, Booth 15-151
Public Days: September 8 to 12

About WABCO

WABCO (NYSE:WBC) is a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles. Founded nearly 150 years ago, WABCO continues to pioneer breakthrough products and systems for braking, stability, suspension, transmission automation, and aerodynamics. Today, all of the world's leading truck, bus and trailer manufacturers have WABCO technologies onboard. In addition, WABCO provides the industry with advanced fleet management solutions and aftermarket services. WABCO reported sales of $2.9 billion in 2014. The company is headquartered in Brussels, Belgium, and has 11,000 employees worldwide. For more information, visit www.wabco-auto.com.

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