# Luxshare to acquire ZF's Global Body Control Systems business

ZF is divesting its Global Body Control Systems Business Unit to Hong Kong-based Luxshare. The business has nearly 6,000 employees at 16 locations in eleven countries and will remain headquartered in Radolfzell, Germany.

- Type: Acquisition
- Announced: 2017-08-30
- Where: Radolfzell, Germany
- Status: announced
- Products: body control systems, radio frequency electronics, switches, steering column control modules, electronic control panels, HVAC controls, steering column locks, remote keyless entry systems, tyre pressure monitoring systems, sensors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ZF Friedrichshafen](https://endata.com/companies/4104.md) (target)
- [ZF](https://endata.com/companies/5885.md) (target)
- [Luxshare](https://endata.com/companies/26663.md) (acquirer)
- [TRW Automotive Inc.](https://endata.com/companies/26678.md) (target)

## Sources

- [just-auto.com](https://www.just-auto.com/news/luxshare-to-acquire-zfs-global-body-control-systems-business/), 2017-08-31: "ZF is divesting its Global Body Control Systems Business Unit to Luxshare based in Hong Kong."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5241723/zf-signs-agreement-to-sell-body-control-systems-division-to-luxshare), 2017-08-31: "ZF has inked an agreement to sell its 'Global Body Control Systems' division, including the 'Radio Frequency Electronics' business to Hong Kong-based Luxshare."
- [yicaiglobal.com](https://www.yicaiglobal.com/news/luxshare-precision-industry-denies-rumored-acquisition-of-german-car-parts-maker-zf-friedrichshafen), 2017-09-01: "The signing by Luxshare Ltd. of legal documents with ZF Group's wholly-owned subsidiary TRW Automotive Inc. (TRW), to acquire the latter's Global Body Control System division (including its assets or equities) on Aug. 30 has now been confirmed."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.