Matrix pencils depending on a parameter and their canonical forms unde
r equivalence are discussed. The study of matrix pencils or generalize
d eigenvalue problems is often motivated by applications from linear d
ifferential-algebraic equations (DAEs). Based on the Weierstrass-Krone
cker canonical form of the underlying matrix pencil, one gets existenc
e and uniqueness results for linear constant coefficient DAEs. In orde
r to study the solution behavior of linear DAEs with variable coeffici
ents one has to look at new types of equivalence transformations. This
then leads to new canonical forms and new invariances for pencils of
matrix valued functions. We give a survey of recent results for square
pencils and extend these results to nonsquare pencils. Furthermore we
partially extend the results for canonical forms of Hermitian pencils
and give new canonical forms there, too. Based on these results, we o
btain new existence and uniqueness theorems for differential-algebraic
systems, which generalize the classical results of Weierstrass and Kr
onecker.