# Foxconn acquires 50% stake in ZF Chassis Modules GmbH

Foxconn will acquire a 50-percent stake in ZF Chassis Modules GmbH, a unit of ZF Group that bundles passenger car axle systems assembly, with an enterprise value of approximately €1 billion, forming a 50-50 partnership.

- Type: Acquisition
- Announced: 2023-07-24
- Where: Germany
- Value: $1.10B (1.00B EUR)
- Status: announced
- Products: passenger car axle systems, chassis systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ZF Friedrichshafen](https://endata.com/companies/4104.md) (target)
- [Hon Hai Technology Group (Foxconn)](https://endata.com/companies/65386.md) (acquirer)
- [ZF Chassis Modules GmbH](https://endata.com/companies/71583.md) (target)

## Sources

- [foxconn.com](https://www.foxconn.com/en-us/press-center/press-releases/latest-news/1089), 2023-07-24: "With Foxconn, we have gained a strong strategic partner with whom we can open up new perspectives and opportunities for the ZF Chassis Modules GmbH."

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