Eaton Sells VORAD® System To Bendix Commercial Vehicle Systems LLC
January 05 2009 - 8:20AM
Business Wire
Diversified industrial manufacturer Eaton Corporation (NYSE:ETN)
announced today it has sold its VORAD� (Vehicle On-Board Radar)
system to Bendix Commercial Vehicle Systems LLC, which is based in
Elyria, Ohio. Terms of the transaction were not disclosed. In
connection with the transaction, Eaton�s Roadranger Marketing
organization has entered into an agreement with Bendix to continue
to market and support the VORAD system in the North American
marketplace. The VORAD system is a radar-based collision warning
system used by commercial vehicle original equipment manufacturers,
major trucking fleets and specialty vehicle manufacturers. Eaton
Corporation is a diversified power management company with 2007
sales of $13 billion. Eaton is a global technology leader in
electrical systems for power quality, distribution and control;
hydraulics components, systems and services for industrial and
mobile equipment; aerospace fuel, hydraulics and pneumatic systems
for commercial and military use; and truck and automotive
drivetrain and powertrain systems for performance, fuel economy and
safety. Eaton has approximately 80,000 employees and sells products
to customers in more than 150 countries. For more information,
visit www.eaton.com.
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