Hendrickson

What Hendrickson does

Hendrickson is a privately held designer and manufacturer of suspension systems, axle and brake assemblies, tire pressure control systems, bumpers, and related components for medium and heavy-duty commercial vehicles. The company's core technology spans mechanical, elastomeric, and air suspensions; integrated and non-integrated axle and brake systems; auxiliary lift axle systems; parabolic and multi-leaf springs; and stabilizers, with proprietary platforms including the 100-year-old patented walking beam suspension, STEERTEK NXT fabricated front steer axles, HAULMAAX and ULTIMAAX progressive rubber spring suspensions, TIREMAAX tire pressure monitoring systems, and the recently launched ELECTRAAX integrated electric drive axle for Class 6-7 medium-duty vehicles. Hendrickson operates 20+ manufacturing facilities across 11 countries spanning North America, Europe, India, China, and Oceania, with the corporate headquarters in Woodridge, Illinois, and additional US manufacturing in Illinois, Ohio, Indiana, Kentucky, Tennessee, South Dakota, and Texas.

Hendrickson makes money primarily through Tier 1 OEM supply of suspension and axle components embedded in new commercial vehicles manufactured by Class 6-8 truck, trailer, bus, and specialty vehicle OEMs (including Freightliner, Kenworth, Peterbilt, Volvo, Mack, International, PACCAR, Blue Bird, Wabash, Great Dane, and Hyundai Translead). A secondary revenue stream comes from aftermarket parts and service sold through a broad distribution network that includes FleetPride, Midwest Wheel, Mutual Wheel, and other US and Canadian distributors plus OEM dealer networks. The company also sells technology products (TIREMAAX, WATCHMAN, telematics integrations) bundled with hardware and integrated into third-party fleet management platforms (Phillips Connect, Samsara). Go-to-market combines direct divisional sales teams organized by Truck, Trailer, Auxiliary Axle, Bumper & Trim, and Watson & Chalin business units with extensive multi-tier distribution. Pricing is quote-based and negotiated through OEM supply agreements and distributor relationships, with no public consumer-facing pricing. Strategic adjacencies include the Tata Autocomp Hendrickson Suspensions joint venture for India and the recent Reyco Granning acquisition (June 2024), both extending the product portfolio and geographic reach.

Name

Hendrickson

Legal name

Hendrickson Holdings, L.L.C.

Website

https://hendrickson-intl.com

Company type

Private

Founded year

2026

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hendrickson is a privately held global Tier 1 manufacturer of suspension systems, axles, brakes, bumpers, and tire monitoring components for medium and heavy-duty commercial vehicles, serving truck, trailer, bus, and specialty vehicle OEMs plus aftermarket fleet customers across North America, Europe, and Asia.

Ownership category

akta.pro rank

Product category

Commercial Vehicle Suspension Systems

NAICS

Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing (33633), Motor Vehicle Brake System Manufacturing (336340), Motor Vehicle Parts Manufacturing (3363), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Fabricated Rubber Products, Nec (3060)

akta.pro primary industry

Truck Chassis, Axle, Suspension & Brake Systems Manufacturing (IMACABAL)

akta.pro secondary industries

Tires Manufacturing (IMACAIAK), Vibration Control & Anti-Vibration Products (Mounts, Bushings, Isolators) (IMANALAD)

Keywords

• Commercial vehicle suspensions
• Heavy-duty truck components
• Trailer axle systems
• Tire pressure monitoring
• Electric drive axles

Headquarters

HQ city

Itasca

HQ country

United States

HQ region

North America

Offices23 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. OEM Component Sales: Hendrickson generates the majority of its revenue by selling suspension systems, axle assemblies, brake and wheel-end components, bumpers, and related parts directly to commercial vehicle OEMs as original equipment. These are one-time hardware sales embedded in vehicle manufacturing.
2. Aftermarket Parts & Service: Hendrickson sells replacement parts and service solutions through a network of distributors and dealers to fleet operators and owner-operators for vehicle maintenance and repair. This includes components under the GENUINE Parts brand.
3. Fleet Solutions & Technology: Hendrickson offers technology products including tire pressure monitoring systems (TIREMAAX), wheel-end sensors (WATCHMAN), and telematics integrations that may be sold as part of service agreements or bundled with hardware.

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core offering

Hendrickson designs and manufactures medium and heavy-duty mechanical, elastomeric, and air suspensions; integrated and non-integrated axle and brake systems; tire pressure control and monitoring systems; auxiliary lift axle systems; parabolic and multi-leaf springs; stabilizers; and bumpers for the global commercial transportation industry. Its products are sold as OEM equipment to truck, trailer, bus, and specialty vehicle manufacturers and distributed as aftermarket parts to fleet operators.

Product overview

Hendrickson is a global manufacturer and supplier of medium and heavy-duty mechanical, elastomeric, and air suspensions; integrated and non-integrated axle and brake systems; tire pressure control systems; auxiliary lift axle systems; parabolic and multi-leaf springs; stabilizers; bumpers; and components to the global commercial transportation industry. The company operates under a platform-plus-modules architecture centered on ride solutions including trailer, truck, auxiliary, bus, and bumper suspension systems. Recent additions include ELECTRAAX (electric drive axle for Class 6-7 medium-duty vehicles developed with Driventic), TIREMAAX tire pressure monitoring systems (including new TPMS), WATCHMAN wheel-end sensor technology, and STEERTEK NXT steer axles. The portfolio also includes acquired brand Reyco Granning and the Tata Autocomp Hendrickson joint venture, with products sold through Hendrickson Fleet Solutions and global dealer networks.

Differentiator

Problem solved

Functional benefit

Brands

• ELECTRAAX: High-efficiency electric drive axle for Class 6-7 medium-duty vehicles, developed in partnership with Driventic, featuring up to 94% system efficiency and integrated ePowertrain design.
• TIREMAAX
• WATCHMAN
• HAULMAAX
• ULTIMAAX
• STEERTEK NXT
• Hendrickson Genuine Parts

Products and services

• ELECTRAAX Electric Drive Axle High-efficiency integrated electric drive axle for Class 6-7 medium-duty commercial vehicles, developed in partnership with Driventic. Combines axle, gearbox, motor, and inverter in a single system for medium-duty trucks, school buses, and pickup-and-delivery trucks.
• HAULMAAX Rubber Suspension Advanced progressive rubber spring suspension system for haulage trucks that eliminates the need for periodic lubrication and reduces maintenance costs. Developed through the Tata Autocomp Hendrickson joint venture.
• ULTIMAAX Rubber Suspension Rubber suspension system in the HAULMAAX family launched on the PRIMA 2525.K for commercial trucks. Designed for demanding vocational and haulage applications.
• TIREMAAX PRO Tire Pressure Control System Advanced tire pressure control and monitoring system for commercial trailers with integrated TPMS capabilities and telematics platform integration.
• TIREMAAX TPMS Hubcap-mounted trailer tire pressure monitoring solution delivering real-time tire pressure data via Bluetooth to telematics platforms or the WATCHMAN app.
• WATCHMAN Wheel-End Sensor Technology Advanced trailer wheel-end sensor technology for monitoring wheel-end health, building on Hendrickson's tire inflation platform and integrated with telematics systems.
• STEERTEK NXT Front Steer Axle High-capacity fabricated front steer axle and suspension system delivering up to 25 pounds of weight savings versus the previous generation. Available on multiple OEM chassis including Pierce, HME, E-One, Peterbilt, Kenworth, International, and Blue Bird.
• INTRAX Trailer Air Suspension Trailer air suspension solutions designed for modern commercial fleets, part of Hendrickson's trailer ride solutions portfolio.
• Elastomer Components Elastomer component solutions offered through a dedicated business unit with its own website, supporting Hendrickson's elastomeric suspension portfolio.
• Reyco Granning Suspension Products Truck suspension product line acquired from Reyco Granning in June 2024, operating as a separate brand. Includes suspension products for trucks, trailers, and specialty vehicles.
• Hendrickson Fleet Solutions Fleet solutions service offering, including commercial vehicle parts distribution and dealer services for advanced and alternative-fuel commercial vehicles.
• Tata Autocomp Hendrickson Suspensions Joint venture between Tata Autocomp Ltd and Hendrickson International that develops and manufactures suspension products (including HAULMAAX and ULTIMAAX) for the Indian commercial vehicle market, primarily serving Tata Motors.

Quantifiable outcome

• ELECTRAAX extends vehicle range by up to 40% compared to central drive systems, based on internal testing
• +4 more outcomes

Named customers21 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core.

• Tata Autocomp SystemscoreStrategic or Co-development Partner · 10 May 2026Tata Autocomp Hendrickson Suspensions Pvt Ltd is a joint venture between Tata Autocomp Ltd and Hendrickson International. The JV develops and manufactures suspension products including HAULMAAX and ULTIMAAX rubber suspension systems for Tata Motors commercial vehicles in India. The JV develops suspension solutions specifically tailored for the Indian market and road conditions.
• DriventiccoreTechnology or Integration · 4 May 2026Hendrickson partnered with Driventic to co-develop the ELECTRAAX electric drive axle for Class 6-7 medium-duty vehicles. The partnership combines Hendrickson's suspension and axle expertise with Driventic's electric motor and inverter technology to create an integrated ePowertrain solution. The product is branded as 'ELECTRAAX, powered by Driventic.'
• Hyundai TransleadcoreChannel Partner/ Reseller/ Distributor · 2 February 2026Hyundai Translead established Hendrickson Fleet Solutions as its dealer for Hyundai XCIENT Fuel Cell trucks in New York and New Jersey. This partnership expands access to hydrogen-powered commercial trucks in the Northeast US, promoting fleet decarbonization and supporting hydrogen infrastructure development.
• Hyundai TransleadcoreChannel Partner/ Reseller/ Distributor · 2 February 2026Hyundai Translead announced Hendrickson Fleet Solutions as its new dealer for Hyundai XCIENT Fuel Cell trucks, expanding access to hydrogen-powered commercial trucks in New York and New Jersey to support fleet decarbonization and hydrogen infrastructure development.
• Phillips ConnectcoreTechnology or Integration · 23 October 2025Phillips Connect expanded its smart trailer platform to integrate tire and wheel-end management data from Hendrickson's TIREMAAX PRO, PRO LB, and TIREMAAX TPMS systems. The integration enables real-time tire health monitoring for fleets, with drivers receiving alerts and maintenance teams able to plan service more effectively. The companies showcased the integration at the ATA Management Conference and Exhibition.
• Reyco Granning LLC and MAT Capital LLCcoreOthers · 3 June 2024Hendrickson acquired the suspension business of Reyco Granning from Reyco Granning LLC and MAT Capital LLC in June 2024. Approximately 100 Reyco employees joined Hendrickson, and the business continues to operate under the Reyco Granning brand as a separate product line. The acquisition expands Hendrickson's product portfolio and manufacturing footprint in the commercial vehicle industry.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• ZF Friedrichshafen: ZF is one of the world's largest automotive suppliers, with a substantial commercial vehicle division covering transmissions, axle systems, suspension, braking, and electronics (including WABCO). Its integrated commercial vehicle systems compete with Hendrickson across chassis, axle, suspension, and the emerging e-axle space.
• Meritor (Cummins): Meritor (acquired by Cummins in 2022) is a leading global supplier of axles, brakes, and suspension components for commercial trucks, trailers, and specialty vehicles. Its product portfolio overlaps directly with Hendrickson's integrated axle/brake systems and competes with them for OEM sockets in class 6-8 vehicles.
• Dana Incorporated: Dana Incorporated is a large global supplier of drivetrain, sealing, and thermal-management technologies for motor vehicles, with a substantial commercial vehicle business covering axles, suspension, and e-propulsion systems. It competes with Hendrickson in integrated axle and suspension systems while also offering broader portfolio capabilities across passenger and commercial vehicles.
• Knorr-Bremse / Bendix: Knorr-Bremse, with its Bendix commercial vehicle subsidiary, is the global market leader in braking and other rail and commercial vehicle safety systems. Its brake and wheel-end product lines directly overlap with Hendrickson's Brake and Wheel-End Group, and the two compete for adjacent chassis component sockets.

Emerging players

• Tuthill Industries: Tuthill is a niche manufacturer of axle components, transfer cases, and specialized drivetrain/suspension assemblies serving commercial, vocational, and specialty vehicle markets. As a smaller, focused supplier, it competes with Hendrickson in selected vocational and specialty suspension applications.

Direct peers

• SAF-HOLLAND: SAF-HOLLAND is a global Tier 1 supplier of suspension, axle, and braking systems specifically for trailers, trucks, and buses. It is the closest direct competitor to Hendrickson in commercial vehicle suspension, with overlapping OEM relationships in North America and Europe.
• American Axle & Manufacturing: American Axle & Manufacturing is a Tier 1 supplier of driveline, chassis, and electrified powertrain components serving global OEMs with significant light-truck and commercial vehicle exposure. Its chassis component portfolio directly overlaps with Hendrickson's axle and suspension product lines.

Others

• Allison Transmission: Allison Transmission is the leading global manufacturer of commercial-duty fully automatic transmissions for medium- and heavy-duty commercial vehicles. It is an adjacent competitor for integrated electric powertrain solutions targeting similar Class 6-7 applications where Hendrickson's ELECTRAAX e-axle is positioned.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/hend_intl
• YouTubeyoutube.com/user/officialHENDRICKSON
• Facebookfacebook.com/hendrickson.intl
• LinkedInlinkedin.com/company/hendrickson
• Instagraminstagram.com/hendrickson_intl

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hendrickson