WABCO Holdings Inc., a parent company of WABCO India, has received shareholders’ approval for its acquisition by ZF Friedrichshafen AG (ZF), a privately held global technology company and systems supplier for passenger cars, commercial vehicles and industrial technology.
Under the agreement, ZF will acquire all outstanding shares of WABCO for $136.50 per share in an all cash transaction for an equity value of over $7 billion.
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.
