Braking systems supplier WABCO Holdings has announced that its proposed merger with ZF Freidrichshafen is to go ahead, with ZF acquiring WABCO for US $7 billion.
In a statement released yesterday (28 March), WABCO said the deal “will bring together two global technology leaders serving OEMs and fleets in the automotive and commercial vehicle industry”.
It also said the merger would combine WABCO’s capabilities in commercial vehicle safety and efficiency, including technologies involved in vehicle dynamics control, active air suspension systems and fleet management systems, with ZF’s leading position in driveline and chassis technologies.
Jacques Esculier, chairman and CEO of
The deal has been approved by the WABCO board of directors and is expected to be finalised early next year.
