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WABCO India announced that its ultimate parent company, WABCO Holdings will be acquired by ZF Friedrichshafen AG (''ZF"), a
privately held global technology company and systems supplier for passenger cars,
commercial vehicles and industrial technology.
Under the agreement, ZF will acquire all outstanding shares of WABCO for $136.50 per
share in an all cash transaction for an equity va lue of over $7 billion.
The proposed merger remains subject to further customary closing conditions and
regulatory approvals. ZF and WABCO continue to expect to close the transaction in early
2020. This merger will bring together two global technology leaders serving OEMs and fleets
in the automotive and commercial vehicle industry, combining WASCO's capabilities in
commercial vehicle safety and efficiency, including technologies involved in vehicle dynamics
control, active air suspension systems, and fleet management systems with ZF's leading
position in mobility technologies for cars and commercial vehicles.
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