WABCO and ZF receive regulatory clearance in China for their proposed merger

May 19, 2020   Tier Suppliers

WABCO Holdings Inc. and ZF Friedrichshafen AG announced that the Chinese State Administration for Market Regulation provided regulatory clearance for their previously announced merger.

All required regulatory approvals have now been received and WABCO and ZF expect to close the merger on May 29, 2020, subject to the satisfaction of all other closing conditions.

 

Last year in March, ZF had signed a definitive agreement to acquire WABCO. Together, ZF and WABCO will form a leading global integrated mobility systems provider for commercial vehicles, creating added value for ZF’s commercial vehicle customers.

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