ZF reaches definitive agreement to acquire WABCO
WABCO’s acquisition will expand ZF’s expertise to include commercial vehicles braking solutions for the first time, which the German supplier considers will play central role in automated driving functions
ZF has entered a definite agreement to acquire Belgium-based WABCO in an all cash deal, the Germany-based supplier said in a press release today (28 March). Under the agreement, ZF will pay WABCO USD136.50 per share, for a total equity value of over USD7 billion. The acquisition has already been approved by the respective management and supervisory boards of directors of ZF and WABCO. ZF expects the acquisition to be closed by early 2020, subject to regulatory approvals and customary closing conditions.