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The European Commission approved under the EU Merger Regulation the proposed acquisition of Wabco Holdings by ZF Friedrichshafen without conditions. The decision was made on 23 January 2020.
WABCO shareholders approved ZF Friedrichshafen's proposed all-cash acquisition at $136.50 per share, with 68.44% of shares voting in favour. Closing is expected in early 2020, subject to regulatory approvals.
WABCO extended a long-term agreement to supply air compressor technology to a major European manufacturer of trucks and buses, worth EUR 100 million, according to a press release of 3 May 2018.