Wabco and ZF expect to close merger in Q2
Wabco and the global technology company ZF Friedrichshafen (ZF) report that they have received all approvals from regulatory authorities required to close their previously announced merger, with the exception of the Chinese state administration for market regulation (SAMR).
Wabco and ZF anticipate that SAMR approval will arrive during the second quarter of 2020, so that they can close the transaction by that date.
Wabco is a global supplier of braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles. In 2019, Wabco posted sales of over USD 3.4 billion. It has almost 14,000 employees in 40 countries. (mw)