EC approves joint venture Sachs Micro Mobility by ZF, Gustav Magenwirth, Brake Force One and BMZ

The European Commission has approved the acquisition of joint control of Sachs Micro Mobility, a newly established joint venture, by ZF Friedrichshafen, Gustav Magenwirth, Brake Force One and BMZ Batterien-Montage-Zentrum. The JV will develop and produce anti-lock braking and drive systems for light electric vehicles.

“European Commission (EC) officials have approved, through the EU Merger Regulation, the acquisition of joint control of Sachs Micro Mobility, a newly established JV, by ZF Friedrichshafen, Gustav Magenwirth, Brake Force One and BMZ Batterien-Montage-Zentrum.”just-auto.com

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• just-auto.comEC approves Sachs Micro Mobility JV - Just AutoSep 4, 2018

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