# 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.

- Type: Acquisition
- Announced: 2024-05-01
- Where: Friedrichshafen, Germany
- Value: $1.10B (1.00B EUR)
- Status: completed
- Products: passenger car chassis systems, axle system assemblies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ZF Friedrichshafen](https://endata.com/companies/4104.md)
- [Foxconn](https://endata.com/companies/15170.md) (acquirer)

## Sources

- [foxconn.com](https://www.foxconn.com/en-us/press-center/press-releases/latest-news/1329?_klpuid=GwKq2LGpnkQhX6L36mXkc%2Fcon%2Fmri%2Fcon), 2024-05-01: "ZF and Foxconn complement each other perfectly in this joint venture."
- [webwire.com](https://www.webwire.com/ViewPressRel.asp?aId=321240), 2024-05-01: "ZF and Foxconn complement each other perfectly in this joint venture."

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