ZF acquires Wabco for $7 billion

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The ZF Innovation Truck 2016

ZF, the global supplier of axle, transmission and steering components, has acquired Wabco, maker of brake and suspension systems and collision mitigation systems. The $7 billion deal was announced last week.

ZF CEO Wolf-Henning Scheider says the acquisition of Wabco – a company he calls “a specialist and leader for commercial vehicle braking systems” – will enable ZF’s existing commercial vehicle division to expand its dynamic vehicle control capabilities.

“This will create the foundation for ZF to offer comprehensive systems for safe and automated mobility solutions for passengers and goods to our customers,” he says.

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