Luxshare acquisitition of Body Control Systems

Overview:

• Luxshare has acquired Body Control Systems from ZF Friedrichshafen.
• Body Controls Systems makes electronic components for automotive vehicles. 
• Luxshare is an electronics manufacturer based in China.
• Financing for the acquisition was provided by Commerzbank.
• ZF Friedrichshafen is in the process of divesting of non-core assets to pay off some of the debt accrued when it bought TRW Automotive in 2015 and as it moves away from traditional technologies to focus on those used in driverless cars. 

Katrin Kostadinova - Data analyst