With the acquisition of WABCO, ZF complements its range of commercial vehicle technology. As already in the passenger car segment, the ZF Group now also boasts a unique and complete range of driveline, chassis and safety technology solutions for trucks, buses and movers.
With global vehicle markets slowly recovering, ZF is ramping up its production capacities and expects a positive adjusted EBIT for the full year.
"Individual mobility under high voltage - what is the future of electromobility after Corona?"
This was the key question of the first virtual ZF Media Workshop on 30 June 2020. This was the key question of the first virtual ZF Media Workshop on 30 June 2020.
Having gained approval from all required regulatory authorities, ZF has successfully completed the acquisition of commercial vehicle technology supplier WABCO and commences the integration.
ZF is a global technology company and supplies systems for passenger cars, commercial vehicles and industrial technology, enabling the next generation of mobility. ZF allows vehicles to see, think and act. In the four technology domains Vehicle Motion Control, Integrated Safety, Automated Driving, and Electric Mobility, ZF offers comprehensive solutions for established vehicle manufacturers and newly emerging transport and mobility service providers. ZF electrifies different kinds of vehicles. With its products, the company contributes to reducing emissions and protecting the climate.
ZF, which acquired WABCO Holdings Inc. on May 29, 2020, now has 160,000 employees worldwide with approximately 260 locations in 41 countries. In 2019, the two then-independent companies achieved sales of €36.5 billion (ZF) and $3.4 billion (WABCO).