The combined sales of the two companies will be approximately 40 billion euros.
I learned that on May 30, German auto parts supplier ZF Announced that it has obtained all necessary regulatory approvals and successfully acquired commercial vehicle technology supplier WABCO. The latter will become the tenth business unit of ZF: Commercial Vehicle Control Systems Division (Commercial Vehicle Control Systems Division).
March 2019 , ZF has announced that it is 136.5 per share The acquisition of WABCO in US dollars and a total price of approximately US $ 7 billion will allow the two parties to jointly become a global commercial vehicle technology integration system supplier. The combined sales will be approximately 40 billion euros .
WABCO mainly produces electronic brakes, stability devices, suspension and transmission control systems for heavy commercial vehicles. In 1869, under the name Westinghouse Air Brake Company Founded in the United States, acquired by American Standard in 1968, and spun off in 2007 to be listed on the New York Stock Exchange.
After this acquisition by ZF, Wubaco Chairman and CEO Gu Jacques Esculier announced his retirement, and the new department will be headed by Fredrik, the head of the commercial vehicle technology business unit of ZFStaedtler led.
ZF claims that this new commercial vehicle control system business unit has approximately 12,000 employees in 45 locations around the world and will work with ZF ’s existing The commercial vehicle technology division, after-sales division and the global development team collaborate.
ZF ’s official website data shows that they have already Close cooperation with WABCO, including: In 2016, ZF and WABCO jointly developed the evasive maneuver assist technology (EMA, Evasive Maneuver Assist) system, which can effectively control the longitudinal and lateral movement of heavy trucks and trailers , To help avoid rear-end collisions; since 2008, WABCO has developed a pneumatic clutch with ZF; in 2002, the two parties also jointly developed a cab air spring shock absorber module (CALM ). Among them, WABCO provides valve devices for anti-rollover tubes, and ZF provides shock absorbers; and as early as 1997, the two parties began cooperation in mass production of CDC commercial vehicle adaptive damping systems. ZF provides shock absorbers for this purpose, and WABCO provides control units.
ZF and WABCO ’s respective expertise in the commercial vehicle field (Source: ZF)
ZF said that after the acquisition is completed, its product portfolio will be more complete-including traditional drive systems and electric drive systems, chassis components, sensor components, as well as integrated advanced braking and steering And driver assistance systems-can help automakers achieve technological differentiation in new car platforms. In addition, ZF can also provide digital fleet management solutions and a global commercial vehicle after-sales service network.