Mumbai, Jan. 13 -- Knorr-Bremse Systeme fur Nutzfahrzeuge and Dutch company WAGH (WESP-Group) have established a joint venture, WESP CV, to develop digital services for the commercial vehicle industry.

The new entity headquartered in Germany will see Knorr-Bremse hold 51 percent stake, while WAGH will hold the remaining 49 percent.

WESP CV will focus on data-driven benchmarking for workshops. By comparing performance indicators, the venture aims to help companies identify operational efficiencies and use data to inform business decisions. The database created through this partnership is intended to provide transparency regarding market potential and product field data for workshops, distributors and industry partners.

The partnership s...