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22 May 2015 |
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ZF Friedrichshafen AG will take over the large gearbox business of Bosch Rexroth AG with more than 1,200 employees. For ZF, the acquisition is an entry into the business with industrial gears that are used in oil rigs, mine vehicles, tunnel drilling machines, or cableways, for instance. In addition, the technology company is strengthening its wind turbine gearbox business. The acquisition agreement was signed on the 13th May 2015. The acquisition is still subject to the approval of the antitrust authorities.
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www.cmsgloballimited.com
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