ZF completes WABCO acquisitionChristian Fernsby ▼ | June 1, 2020
ZF Friedrichshafen AG has successfully completed the acquisition of commercial vehicle technology supplier WABCO, having gained approval from all required regulatory authorities.
In the future, WABCO will operate as an independent division, Commercial Vehicle Control Systems, within ZF Friedrichshafen AG and become the tenth division of the Germany-based technology company.
During the integration of WABCO ZF will continue to strengthen its existing service portfolio and put its customers first.
The new Commercial Vehicle Control Systems division employs around 12,000 people at 45 locations worldwide and will work closely with ZF's existing Commercial Vehicle Technology division, ZF's aftermarket division and the global development team.
Jacques Esculier, Chairman and CEO of WABCO, has decided to retire from his role.
The division will be headed by newly appointed Fredrik Staedtler.
Staedtler brings significant commercial vehicle experience, gained over the past decades working in the industry, most recently as head of ZF's Commercial Vehicle Technology division. ■