ZF Wabco is a leading supplier of braking control systems and technologies for commercial vehicles worldwide. The company has recently announced its agreement to merge with ZF Friedrichshafen AG, a global technology company that specializes in driveline and chassis technology, as well as active and passive safety technology.
The merger between ZF Wabco and ZF Friedrichshafen AG is expected to create a new leader in safety and efficiency technology for commercial vehicles, with a focus on autonomous driving and electrification. The newly merged company will be one of the largest suppliers of advanced driver assistance systems (ADAS) and safety technology for commercial vehicles in the world.
The merger agreement is expected to close in early 2020, subject to regulatory approvals. Once completed, ZF Wabco will become a subsidiary of ZF Friedrichshafen AG, with its headquarters remaining in Brussels, Belgium.
According to Wolf-Henning Scheider, CEO of ZF Friedrichshafen AG, “The combination of both companies will create a unique integrated offering of technologies and capabilities focused on delivering smarter, safer, and more efficient commercial vehicles.”
Meanwhile, Jacques Esculier, Chairman and CEO of ZF Wabco, added, “Joining forces with ZF will create a leading global technology company well positioned to capitalize on future demand for autonomous, efficient, and connected commercial vehicles.”
The merger is expected to result in significant cost synergies and revenue growth opportunities for the newly merged company. It will also enable the company to accelerate the development and deployment of new technologies for commercial vehicles, such as electrification and digitalization.
In conclusion, the merger agreement between ZF Wabco and ZF Friedrichshafen AG is set to create a powerful player in the commercial vehicle safety and efficiency technology space. The newly merged company`s focus on autonomous driving and electrification will position it well for future growth in these areas. Overall, this merger agreement represents an exciting development for the commercial vehicle industry.