Bendix to acquire
Dec 12, 2008 3:29 PM
SmarTire develops and markets wireless sensing and control systems and advanced tire-monitoring solutions for commercial vehicles.
The transaction incorporates the company’s assets to become a part of the electronics business unit of Bendix. Proceeds from the sale closing will be held in escrow subject to SmarTire obtaining consent of its shareholders at a meeting to be held in March 2009.
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