WABCO shareholders approve acquisition by ZF01 July 2019

Shareholders of braking systems supplier WABCO have approved the company’s acquisition by German commercial vehicle technology business ZF Friedrichshafen.

Under the terms of the transaction, which was first announced in March, ZF will acquire all outstanding shares of WABCO for $136.50 per share in cash, subject to regulatory approvals.

“It is a confirmation of our strategy that WABCO shareholders have approved this important transaction,” says

Wolf-Henning Scheider, CEO of ZF.

“Together with WABCO, ZF can form an integrated systems provider for commercial vehicle technology, creating long-term value and security for our customers, employees and shareholders.

“We will be shaping the future of technologies and services for efficiency, safety, automation and connectivity in the commercial vehicle sector together with the WABCO management.”

The transaction is expected to be finalised in early 2020.

Laura Cork

Related Companies
WABCO Automotive UK Ltd

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