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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Foxconn acquires 50% stake in ZF Chassis Modules GmbH · Endata

◂ Announcements

May 1, 2024ACQUISITIONFriedrichshafen, Germany

Foxconn acquires 50% stake in ZF Chassis Modules GmbH

Foxconn has completed the acquisition of a 50% stake in ZF Chassis Modules GmbH, forming a joint venture called ZF Foxconn Chassis Modules, with an enterprise value of around €1 billion.

Value

$1.10B (1.00B EUR)

Status

Completed

Productspassenger car chassis systemsaxle system assemblies

CompaniesZF Friedrichshafen Foxconn acquirer

Sectors#Automotive Components

“ZF and Foxconn complement each other perfectly in this joint venture.”foxconn.com

2 sources
foxconn.comZF and Foxconn Close on JV for Passenger Car Chassis Systems, Accelerating Strategic Innovation - Hon Hai Technology GroupMay 1, 2024
webwire.comZF and Foxconn Close on JV for Passenger Car Chassis Systems, Accelerating Strategic Innovation | WebWireMay 1, 2024

Summarized from public sources; check the original articles before acting on it.

More from ZF Friedrichshafen

Sep 19, 2024PARTNERSHIPJiaxing, Zhejiang province, China
ZF and Foton strengthen hybrid transmission partnership
ZF Friedrichshafen Beiqi Foton Motor partner just-auto.com
Feb 14, 2024NEW FACILITYOragadam, Tamil Nadu, India$216.0Mops 14 Feb 2024
ZF opens new plant in Oragadam, Tamil Nadu for EV components
ZF Friedrichshafen auto.economictimes.indiatimes.com
Feb 7, 2024EXPANSIONGray Court, South Carolina, United States$500.0M400 jobsops 2025
ZF invests $500M to transform South Carolina plant for flexible ICE and hybrid transmission production
ZF Friedrichshafen electrek.co
Jul 24, 2023ACQUISITIONGermany$1.10B
Foxconn acquires 50% stake in ZF Chassis Modules GmbH
ZF Friedrichshafen target Hon Hai Technology Group (Foxconn) acquirer foxconn.com
Jul 5, 2023CONTRACTSweden$1.64B
ZF signs $1.64B green steel supply deal with H2 Green Steel
ZF Friedrichshafen customer H2 Green Steel supplier autonews.com
Jun 13, 2023NEW FACILITYShenyang, Liaoning province, China$140.0M900 jobs
ZF breaks ground on electric axle drive plant in Shenyang
ZF Friedrichshafen chinadaily.com.cn

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