ZF acquires Wabco

2 MinutesBy NZ Trucking magazineJune 3, 2020

ZF Friedrichshafen AG has successfully completed the acquisition of commercial vehicle technology supplier Wabco, having gained approval from all required regulatory authorities. 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.

The acquisition unites two industry leaders behind a shared vision to create a customer-focused powerhouse to advance commercial vehicle technology. With the addition of Wabco, ZF‘s focus will be on expanding its commercial vehicle service portfolio and on operating customer business.

“The combination of these two successful enterprises will bring a new dimension of innovation and capability for commercial vehicle systems technology. Thanks to our perfectly complementary portfolios and competencies, we are able to offer unprecedented solutions and services for manufacturers and fleets globally. In this way, we are actively shaping the future of the changing transportation industry,” said ZF Friedrichshafen AG CEO Wolf-Henning Scheider.

The new Commercial Vehicle Control Systems division employs about 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, and newly appointed Fredrik Staedtler will head the division. 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.

To the integration of Wabco, ZF links the performance promise ‘Mobilising Commercial Vehicle Intelligence‘ – ZF will offer customers a unique range of products and services. The extensive combined product portfolio now encompasses conventional and electric drive and chassis components, a comprehensive suite of sensors, as well as fully integrated, advanced braking, steering and driver assistance systems for OEMs seeking technological differentiation for their new vehicle platforms. Additionally, ZF can offer digital fleet management solutions and an extensive global network of aftermarket services for commercial vehicles.

Wabco shares, previously listed on the New York Stock Exchange, cease public trading with immediate effect.