ZF Completes WABCO Acquisition
Germany’s ZF Friedrichshafen AG successfully completed the acquisition of commercial-vehicle technology supplier WABCO of Switzerland. WABCO’s integration into ZF unites two industry leaders behind a shared vision to create a customer-focused powerhouse to advance commercial-vehicle technology. The combined product portfolio now encompasses conventional and electric drive and chassis components; a comprehensive suite of sensors; and fully integrated, advanced braking, steering and driver-assistance systems for OEMs seeking technological differentiation for their new vehicle platforms.
With the acquisition, ZF’s focus will be on expanding its commercial-vehicle service portfolio and on operating customer business. In the future, WABCO will operate as an independent division, Commercial Vehicle Control Systems, within ZF.
“The combination of these two successful enterprises will bring a new dimension of innovation and capability for commercial-vehicle systems technology. Thanks to our perfectly complementary portfolios and competencies, we are able to offer unprecedented solutions and services for manufacturers and fleets globally,” said Wolf-Henning Scheider, CEO of ZF Friedrichshafen AG.