News & Releases
ITT's KONI brand partners with Gabriel to deliver innovative shock absorber products for Indian transportation market
Tuesday, 18 Nov 2014
WHITE PLAINS, N.Y., Nov. 18, 2014 – ITT Corporation (NYSE: ITT) announced that its KONI brand has signed a technology license agreement with Gabriel India Ltd. that will allow the companies to better serve the suspension needs of the Indian commercial vehicle, bus and industrial equipment markets.
As part of the agreement, KONI will provide technology that will allow Gabriel to manufacture innovative damper products for the original equipment and aftermarkets in India as well as Bangladesh, Sri Lanka, Nepal and Bhutan. The agreement includes the areas of design, development and manufacture of high-end shock absorbers that offer the latest capabilities for enhancing performance and comfort for both drivers and passengers.
This cooperative agreement – which will also help serve the evolving needs of the Indian heavy commercial vehicle and luxury bus segments for products that meet the requirements of longer-haul and higher-tonnage vehicles – will harness the capabilities of both companies to best serve the needs of all their customers in the region.