# ZF plans joint venture with Anhui Heli for forklift systems

ZF Friedrichshafen plans to form a joint venture with Chinese forklift manufacturer Anhui Heli, with ZF holding 51% and contributing its forklift products from Hangzhou, while Heli contributes part of its transmission and axle production.

- Type: Acquisition
- Announced: 2018-02-08
- Where: Hangzhou, China
- Status: announced
- Products: forklift gears, forklift axles, transmissions, axles
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [ZF Friedrichshafen](https://endata.com/companies/4104.md) (acquirer)
- [ZF Friedrichshafen](https://endata.com/companies/4104.md) (partner)
- [Anhui Heli](https://endata.com/companies/29977.md) (partner)

## Sources

- [eenewseurope.com](https://www.eenewseurope.com/en/zf-plans-jv-with-chinese-forklift-manufacturer/), 2018-02-13: "With Heli, we have a partner with outstanding expertise in forklift trucks."
- [heliheftruck.nl](https://www.heliheftruck.nl/joint-venture-van-heli-en-zf/), 2018-03-20: "De intentie van deze joint-venture is om wereldwijd een toonaangevende speler te worden in research & development (R&D), fabricage en assemblage en verkoop van industriële voertuigen, geavanceerde material handling apparatuur en ‘high end’ transmissies."

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