ZF reported a 43-percent sales increase year-over-year for the first half of 2021 when compared to 2020

ZF’s Purchase of WABCO Approved by EU

BRUSSELS – The German automotive component producer ZF’s $7 billion purchase of U.S.-based WABCO was approved today by the European Union.  The deal had been approved a year ago by WABCO shareholders; final consummation of the agreement had been dependent upon governmental approvals.

The EU said the agreement met antitrust parameters, offering no competition issues for the group.

Mike Geylin
Mike Geylin

Mike Geylin is the Editor-in-Chief at Hagman Media. Geylin has been in automotive communications for five decades working in all aspects of the industry from OEM to supplier to motorsports as well as reporting for both newspapers and magazines on the industry.

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