WABCO’s parent company inks merger agreement with ZF Friedrichshafen

29 Mar 2019

WABCO India’s parent company -- WABCO Holdings Inc., has entered into a definitive merger agreement with ZF Friedrichshafen AG (ZF), a privately held global leader in driveline and chassis technologies.

Under the agreement, ZF will acquire all outstanding shares of WASCO for $136.50 per share in an all-cash transaction for an equity value of over $7 billion. The acquisition price represents a 13% premium to the closing stock price of $120.75 on February 26, 2019, the date prior to media reports and WASCO's confirmation that ZF had approached the company.

Wabco India is engaged in the manufacture of air brake actuation systems for commercial vehicles. The company is one of the leading providers of electronic braking, stability, suspension and transmission control systems to the global commercial vehicle industry.

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