ZF announced the approval by WABCO shareholders to the proposed acquisition of the company agreed between the parties at the end of March 2019. ZF will cash out all WABCO shares issued at a price of $ 136.50 per share, subject to the approval of the regulatory authorities and without prejudice to other usual closing conditions.

Wolf-Henning Scheider, CEO of ZF, said: “The approval of this important transaction by WABCO shareholders is a confirmation of our strategy. Together with WABCO, ZF can establish a supplier of integrated systems for commercial and industrial vehicle technology, creating added value and long-term guarantees for our customers, employees and shareholders. In collaboration with the management of WABCO, we will shape the future of technologies and services for efficiency, safety, automation and connectivity in the commercial and industrial vehicle sector. “

ZF expects to be able to close the transaction at the beginning of 2020. During WABCO’s planned integration, customers and day-to-day operations will remain a priority.

ZF-WABCO: the shareholders'ok