ZF Considers Takeover of WABCO
Recently, it has been reported that ZF Friedrichshafen, a world-renowned supplier of auto components, is looking into a possible acquisition of Wabco company. It is claimed that the 2 companies have already conducted initial negotiations.
WABCO specializes in design and production of
sophisticated driver assistance units for trucks and trailers. This unit is a
crucial element for creation of self-driving solutions, a promising pathway for
auto manufacturers and their suppliers.
Learn more about WABCO and its products
According to ZF officials, the company
constantly looks for ways to expand its presence on the auto market. These
strategic steps frequently lead to ZF negotiating with other businesses. The
fact of negotiations with Wabco has not been denied, but the question about the
possible deal is still open.
ZF, known for production of transmissions and
hybrid systems, has been looking for a reliable partner after a survey showed
them that self-driving technologies will become a promising direction in the
future auto industry. According to projections of experts, the market
for sophisticated driver assistance units and self-driving cars is expected to
skyrocket during the next two decades.
Presentation of Evasive Maneuver Assist
Both companies have a record of successful
cooperation – they already collaborated on creation of an Evasive Maneuver
Assist solution, which includes technologies of both companies.
Last year, ZF denied any plans about takeovers of any companies, including Wabco, since the segment of brake solutions was not on the top of the agenda for ZF. The company has been discouraged from following vigorous acquisition strategy by its main shareholder, which has been quite apprehensive about running into debt.
