ZF Friedrichshafen AG has acquired the automotive division of Romanian engineering service provider BeeSpeed.
The new ZF subsidiary BeeSpeed Technical Engineering Center S.R.L. employs more than 100 developers at the polytechnic university in Timisoara in western Romania.
BeeSpeed has been working with the Braking System Business Unit of the Active Safety Division since 2008.
“BeeSpeed is a long-term and reliable partner,” says Manfred Meyer, Head of Engineering in the Active Safety Division encompassing braking and steering systems at ZF.
“By acquiring this company, we will have permanently secured the expertise of BeeSpeed’s roughly 110 engineers who work for us as part of BeeSpeed’s automotive division while offering them outstanding perspectives as part of the ZF Group.”
With this acquisition, ZF is better positioning itself as a systems supplier, not only in terms of software, system testing, and IT, but also with mechanical systems.
“This also enables us to further expand our expertise in intelligent mechanical systems as well as our location in Timisoara,” emphasises Meyer.
BeeSpeed was founded in 1994. In addition to its automotive division, its second mainstay is the automation sector with a focus on electrical engineering and water treatment. BeeSpeed will continue to manage this division independently.