January 21, 2022

Volume XII, Number 21

Advertisement
Advertisement

January 20, 2022

Subscribe to Latest Legal News and Analysis

January 19, 2022

Subscribe to Latest Legal News and Analysis

January 18, 2022

Subscribe to Latest Legal News and Analysis

Upcoming/New CFIUS Filing: ZF Friedrichshafen AG and WABCO

Acquirer:  ZF Friedrichshafen AG (Germany)

Acquired:  WABCO (US)

Value:  US$7 billion

Industry:  Automotive

On March 28, 2019, WABCO Holdings Inc., a US based publicly traded global supplier of braking control systems and related technologies for commercial vehicles, entered into a merger agreement with ZF Friedrichshafen AG, a publicly traded German automotive component manufacturer company, pursuant to which Wabco Holdings Inc. will survive as an indirect wholly owned subsidiary of ZF Friedrichshafen, for an equity value of over $7 billion.  (WABCO Holdings Inc., Form 8-K, March 28, 2019, SEC Filing.)  “The transaction will bring together two global technology leaders serving OEMs and fleets in the automotive and commercial vehicle industry, combining WABCO’s capabilities in commercial vehicle safety and efficiency, including technologies involved in vehicle dynamics control, active air suspension systems, and fleet management systems with ZF’s leading position in driveline and chassis technologies for cars and commercial vehicles.” (Press Release, WABCO Holdings Inc., Form 8-K, Ex-99.1, March 28, 2019, SEC Filing.)   CFIUS clearance is a condition to closing the merger. (See Section 7.1(d), Agreement and Plan of Merger, WABCO Holdings Inc., Form 8-K, Ex-2.1, March 28, 2019, SEC Filing.)

© Copyright 2022 Squire Patton Boggs (US) LLPNational Law Review, Volume X, Number 55
Advertisement

About this Author

We employ a comprehensive approach when it comes to our International Trade practice. We focus on global import and export compliance, international trade policy and market access and trade remedies/defense. Our lawyers practice international trade law in almost every country where we have an office, and our full-time practitioners operate out of our Washington DC, London and Brussels offices.

We offer a “one-stop” service encompassing international trade compliance and policy acumen to make necessary judgments while operating effectively in a...

202-626-6234
Advertisement
Advertisement
Advertisement