Bendix Commercial Vehicle Systems LLC, a member of the Knorr-Bremse Group, has announced the signing of a definitive agreement with Dana Corp. to create a North American joint venture focused on commercial vehicle foundation brake components and technologies. The joint venture transaction is expected to close on June 30, and will operate under the name Bendix Spicer Foundation Brake LLC.

The move combines and expands complementing technologies throughout North America, making available a comprehensive range of wheel-end brake products, including S-Cam, air disc brakes, slack adjusters and actuators, as well as a full array of related aftermarket parts for medium- and heavy-duty commercial vehicles. It integrates the braking systems expertise from Bendix and the Knorr-Bremse Group, with the axle and brake integration capability of Dana, for a long-term partnership between the organizations.

The joint venture integrates the dedicated foundation brake business units of both Bendix and Dana. Completion of the transaction is subject to final corporate approvals at both companies.