• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • AMD Xilinx
    • BlueBotics
    • Elite Robot
    • RGo Robotics
    • SICK Sensor Intelligence
    • Vicor Power

ZF completes acquisition of US truck tech supplier Wabco

June 12, 2020 by Sam Francis Leave a Comment

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

Wabco shares, previously listed on the New York Stock Exchange, have now ceased public trading.

Signalling the start of Wabco’s integration into ZF, the acquisition “unites two industry leaders” behind a shared vision to create a customer-focused powerhouse to advance commercial vehicle technology, says the company.

With the addition of Wabco, ZF’s focus will be on expanding its commercial vehicle service portfolio and on operating customer business.

Wolf-Henning Scheider, CEO of ZF Friedrichshafen, says: “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.

“Together, we will create added value for our customers, employees and shareholders alike. This acquisition marks a major milestone in the history of our company. With it, we are consistently continuing the transformation in the powertrain and in the field of digitalization.”

In the future, Wabco will operate as an independent division, Commercial Vehicle Control Systems, within ZF Friedrichshafen 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.

With regard to the Covid-19 pandemic and its impact, Scheider says: “We are closing this acquisition in an unprecedented social and economic situation.

“We are currently focusing our efforts on protecting our employees, ramping up production, and securing our company’s liquidity. In the long term, this thoroughly prepared acquisition will make us even stronger for the future once we have overcome the immediate effects of the pandemic.”

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, says the company.

Systems provider for the commercial vehicle market

ZF says the integration of Wabco into the group “links the performance promise of Mobilizing Commercial Vehicle Intelligence”, a theme of the company.

ZF says it 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 suite of sensors; as well as
  • fully integrated, advanced braking, steering and driver assistance systems for original equipment manufacturers 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.

ZF is fully prepared to meet the diverse requirements of a commercial vehicle sector that is increasingly driven by digitalization: advancing road traffic safety, improving vehicle efficiency and lowering emissions, while delivering reduced total operating costs.

The increasing use of digital solutions in fleet management offers the opportunity to optimize the entire system and to control the flow of goods efficiently.

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Industry, News Tagged With: acquisition, commercial, company, division, systems, technology, vehicle, wabco, zf

Join the Robotics & Automation News community

Reader Interactions

You must log in to post a comment.

Primary Sidebar

Latest articles

  • Insuring against the risks of automation
  • Cheesy technology: Sargento increases outbound fulfillment with Westfalia warehouse automation
  • Ad Blockers Could Be Helpful for Your Privacy
  • LG robots deliver Korean food from Atlanta restaurant
  • Recycleye raises additional $17 million in Series A funding
  • 5 Reasons Why You Should Invest in Tesla this 2023
  • Starship expands robotic delivery to more college campuses with Grubhub
  • How Ransomware Attacks Changed the Threat Landscape
  • Supply chain robotics company Symbotic reports $12 billion in orders
  • DHL becomes first to install Boston Dynamics’ Stretch robot to unload trucks

Most Read

  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • DHL becomes first to install Boston Dynamics’ Stretch robot to unload trucks
    DHL becomes first to install Boston Dynamics’ Stretch robot to unload trucks
  • Why is My Car Key Stuck in the Ignition?
    Why is My Car Key Stuck in the Ignition?
  • Recycleye raises additional $17 million in Series A funding
    Recycleye raises additional $17 million in Series A funding
  • Why Artificial Intelligence is Digital Marketing’s Future
    Why Artificial Intelligence is Digital Marketing’s Future
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • Top 20 programmable logic controller manufacturers
    Top 20 programmable logic controller manufacturers
  • Supply chain robotics company Symbotic reports $12 billion in orders
    Supply chain robotics company Symbotic reports $12 billion in orders
  • Scientists have found more water in space than they ever knew possible
    Scientists have found more water in space than they ever knew possible
  • The Best Mechanical Engineering Design Software in 2022
    The Best Mechanical Engineering Design Software in 2022

Overused words

ai applications automated automation automotive autonomous business china companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile operations platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse

Secondary Sidebar

Latest news

  • Insuring against the risks of automation
  • Cheesy technology: Sargento increases outbound fulfillment with Westfalia warehouse automation
  • Ad Blockers Could Be Helpful for Your Privacy
  • LG robots deliver Korean food from Atlanta restaurant
  • Recycleye raises additional $17 million in Series A funding
  • 5 Reasons Why You Should Invest in Tesla this 2023
  • Starship expands robotic delivery to more college campuses with Grubhub
  • How Ransomware Attacks Changed the Threat Landscape
  • Supply chain robotics company Symbotic reports $12 billion in orders
  • DHL becomes first to install Boston Dynamics’ Stretch robot to unload trucks

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

June 2020
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« May   Jul »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT