# 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.

- Type: Acquisition
- Announced: 2018-09-04
- Status: announced
- Products: anti-lock braking systems, drive systems for light electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ZF Friedrichshafen](https://endata.com/companies/4104.md) (investor)
- [Gustav Magenwirth](https://endata.com/companies/34107.md) (investor)
- [Brake Force One](https://endata.com/companies/34108.md) (investor)
- [BMZ Batterien-Montage-Zentrum](https://endata.com/companies/34109.md) (investor)
- [Sachs Micro Mobility](https://endata.com/companies/34110.md) (target)

## Sources

- [just-auto.com](https://www.just-auto.com/news/ec-approves-sachs-micro-mobility-jv/), 2018-09-04: "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."

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