ZF closes on Wabco acquisition
Editor’s notice: Wabco’s headquarters moved to Bern, Switzerland in February 2019. An earlier model of this story referred to the corporate’s earlier headquarters location.
DETROIT — ZF Friedrichshafen has accomplished its acquisition of Wabco Holdings Inc. in a deal that — valued at greater than $7 billion — demonstrates a outstanding foray into self-driving business autos for the provider.
A ZF spokesman confirmed that the German components provider, which focuses on driveline and chassis know-how, accomplished its acquisition of Wabco on Friday morning.
ZF first introduced its plans to buy Wabco, largely a trucking components provider, in March 2019. Wabco’s Americas headquarters is in Auburn Hills, Mich., not removed from a number of different main automotive suppliers within the suburban Detroit space, however its company headquarters is in Bern, Switzerland.
Wabco provides built-in braking techniques and stability management techniques, air suspension techniques and transmission automation controls, as…