Bosch completes acquisition of ZF steering gear system

Stuttgart Time January 30, 2015, held by the Bosch Group formally completed 50 pairs弗里德里西Port ZF AG (ZF Friedrichshafen AG) in the joint venture ZF Steering Systems Co., Ltd. (ZF Lenksysteme GmbH) in % equity acquisition. The transaction has been approved by the antitrust authorities. This means that the original 50% of the capital invested by both parties to establish all the shares of the joint venture company has been owned by Bosch. The company will join the Bosch Group as a new independent business unit. Through the brainstorming and voting results of internal employees, the new company will be renamed Robert Bosch Automotive Steering GmbH.

ZF Steering Systems Co., Ltd. has more than 13,000 employees in eight countries around the world and is dedicated to the development, production and sale of steering gear systems and products for use in passenger cars and commercial vehicles. In 2013, the company had sales of approximately 4.1 billion euros and covered 20 cities and regions in the world, including Europe, the United States, China, India, Brazil and Malaysia. This makes the ZF steering gear system always active in the world's major automotive markets.

As a global leader in the production of energy-efficient electric steering systems, the ZF steering gear system generates about 60% of sales revenue every year. Among them, fuel economy is one of the reasons for the success of ZF. For example, when installing a ZF steering system on a medium-sized vehicle equipped with a 2-liter displacement engine, fuel consumption can save up to about 0.8 liters per 100 kilometers. On the other hand, an electric steering system equipped on various types of vehicles is an important basis for realizing various driver assistance functions and fully automatic driving in the future. Automatic emergency evacuation, lane assistance, and taxiing of the start-stop system are all factors that cannot be achieved without the electric steering system. In the field of electric vehicles, the ZF steering gear system also provides a suitable and effective integrated electric power steering system for the rapidly developing electric mobility technology. At the same time, in the field of commercial vehicles, electric steering technology has also received more attention: In 2014, the new commercial vehicle steering system Servotwin debuted at the Hannover Commercial Vehicle Show in Germany. This hydraulic-electric steering system was introduced as the future driver assistance system to enter the commercial vehicle field. A solid step has been taken.

ZF's steering system has about 1400 engineers and technicians in the world, and one in ten employees is engaged in engineering research and development. In 2013, the company invested 238 million euros in research and development. Since the establishment of the company 15 years ago, ZF steering systems have applied for about 750 patents. One of the company's R&D focuses is to realize the interconnection of components and systems, ie to integrate it into a complete system through specialized control software. For example, the company’s latest smart interconnect system can connect and move a trailer parked on the roadside through a smartphone-controlled car. In addition, the company not only provides solutions for the high-end market, but also develops a compact, low-cost electric power steering system for the Asian market, enabling more economic vehicles to benefit from various economic products.

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