Bosch To Acquire All Shares In ZF Lenksysteme

Bosch To Acquire All Shares In ZF Lenksysteme

Until now, ZFLS, based in Schwabisch Gmund, Germany, has been a 50:50 joint venture between Bosch and ZF.
STUTTGART, Germany – Bosch is planning to increase its stake in ZF Lenksysteme GmbH (ZFLS) to 100 percent. On Sept. 15, Robert Bosch GmbH and ZF Friedrichshafen AG signed an agreement to this effect. Purchase price will not be disclosed, the two companies stated.

Until now, ZFLS, based in Schwäbisch Gmünd, Germany, has been a 50:50 joint venture between Bosch and ZF. Employing more than 13,000 associates in eight countries, ZFLS develops, produces and sells steering systems for passenger cars and commercial vehicles worldwide. In 2013, it registered sales of approximately 4.1 billion euros. With a total of 20 locations, the company is active in the world’s most important automotive markets. Alongside locations in Europe, the U.S., and China, ZFLS also produces in India, Brazil, and Malaysia.

“With its complete takeover of ZFLS, Bosch is strengthening its ability to actively shape the future of mobility. The company is a technological leader in the growth area of electric power steering, and precisely this is the core technology for automated driving, for more efficient vehicles, and also for electric cars,” said Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH.

ZFLS already generates some 60 percent of its total revenue with modern, fuel-efficient electric power steering systems.

“Since 1999, ZFLS has experienced strong growth, and has also developed very successfully as a result of the excellent collaboration between ZF and Bosch. I would like to sincerely thank all ZFLS associates for their hard work and dedication over the years,” said Dr. Stefan Sommer, CEO of ZF Friedrichshafen AG. “In order to continue to be able to meet the demands of an ever-more dynamic business environment, Bosch and ZF have decided to change the ownership structure of ZFLS.”

In related news, ZF announced this past August that the company’s American location in Vernon Hills, Ill. –  ZF Services LLC –  will assume responsibility for the independent aftermarket sales and distribution of ZF Lenksysteme passenger car products in North America.

The transaction is subject to approval by the antitrust authorities.

You May Also Like

Snap-on Adds New Feature to Pass Thru Assistant

The company said the PTA now includes a repair guidance feature.

Snap-on Adds New Feature to Pass Thru Assistant

Snap-on announced its Pass Thru Assistant (PTA) has been enhanced by the addition of a repair guidance feature. Not only does the Pass Thru Assistant provide J2534 programming support, but it now also allows automotive repair and collision technicians to access a repair guidance specialist to get help with fixing complex problems to complete the repair in house, the company explained in a news release.

Gabriel Announces Launch of New Website

Among the features is Gabriel’s new centralized part finder.

Gabriel Announces Launch of New Website
SMP to Acquire European Supplier Nissens Automotive

The transaction is expected to be complete in the second half of 2024.

Mergers and Acquisitions Automotive Aftermarket
Registration Open for 2024 AWDA Business Conference

The 77th annual conference is scheduled for November 3-7, 2024 in Las Vegas.

Registration Open for 2024 AWDA Business Conference
KYB Celebrates 50 Years in North America

As it celebrates the past and looks to the future, KYB said it continues to grow, with a new product line scheduled for release in 2025.

KYB Celebrates 50 Years in North America
Other Posts
Hot Shot’s Secret Introduces Red Diamond Motor Oil

The company said the oil is formulated to fully meet the General Motors dexos1 Gen 3 specification, among others.

Hot Shot's Secret Introduces Red Diamond Motor Oil
Lubrizol Announces New Oil Additive Solution

The company said the additive will enable oil marketers to meet the performance requirements of ILSAC GF-7.

Lubrizol Announces New Oil Additive Solution
Robert Roos Joins NEXUS International Executive Committee

Roos is the president & CEO of The Pronto Network – APSG and president of NEXUS North America.

Positrak Celebrates 12-Year Anniversary of Flagship Product

The company says it sold 430 Positrak Pro systems since 2012.

Positrak Celebrates 12-Year Anniversary of Flagship Product