SOURCE: WABCO Holdings Inc.

December 08, 2010 07:00 ET

WABCO Announces a Munich Court Has Ruled for Second Time on Appeal by Knorr; Court Reconfirms Knorr Violates Competition Law in Germany

BRUSSELS, BELGIUM and MUNICH, GERMANY--(Marketwire - December 8, 2010) - WABCO Holdings Inc. (NYSE: WBC) (www.wabco-auto.com), a global technology leader and tier-one supplier to the commercial vehicle industry, announces that Knorr-Bremse Systeme für Nutzfahrzeuge GmbH (Knorr) has lost its second appeal of a previous court decision in Munich which had judged Knorr in violation of competition law in Germany.

On December 2, 2010, the Munich Appeals Court dismissed a second appeal by Knorr and confirmed a preliminary court injunction issued October 19, 2009. The injunction orders Knorr to cease and desist from alleging to a customer that one of WABCO's brake systems infringes Knorr's patents while at the same time imposing a confidentiality obligation to prevent that customer from discussing these allegations with WABCO. The court confirmed that Knorr had intentionally made it impossible for WABCO's customer to dialogue with WABCO about Knorr's allegations. As a result, WABCO was deprived of the opportunity to clarify the allegations, which amounts to a violation of competition law in Germany.

As previously disclosed, on January 20, 2010, the Munich District Court had ruled against Knorr's first appeal in the same matter. Knorr subsequently appealed this decision, resulting in the court's dismissal of Knorr's second appeal on December 2.

WABCO states that the courts in Munich have now on three separate occasions ruled consistently in favor of WABCO in this matter.

WABCO reaffirms its belief that it does not infringe any valid patent referred to in the allegations made by Knorr.

WABCO values a fair and ethical market environment and reiterates its commitment to protect its interests and the interests of its customers. The company is pleased that employees, customers and others in the commercial vehicle industry know that WABCO continues to defend itself successfully against the illegal business conduct of a competitor. The courts in Munich have judged Knorr's conduct to constitute an unfair obstruction of WABCO's business relationship with its customer.

About WABCO

WABCO (NYSE: WBC) is a leading supplier of safety and control systems for commercial vehicles. For over 140 years, WABCO has pioneered breakthrough electronic, mechanical and mechatronic technologies for braking, stability and transmission automation systems supplied to the world's leading commercial truck, trailer and bus manufacturers. With sales of $1.5 billion in 2009, WABCO is headquartered in Brussels, Belgium. For more information, visit www.wabco-auto.com

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