IFLR1000

ZF Friedrichshafen $7 billion acquisition of WABCO

28/3/2019
Private acquisition
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$ 7 billion

Announced

28/3/2019

Overview:

  • German automotive parts provider ZF Friedrichshafen has acquired US vehicle controls system manufacturer WABCO in a $7 billion deal. 
  • ZF is obtaining some of the financing for the deal through JP Morgan. 
  • Goldman Sachs acted as financial adviser to WABCO. 
  • The transaction is expected to close in early 2020. 

Kurt Stumpo - US Editor

Jurisdictions:

United States
Belgium
Germany

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Industrials and manufacturing
Automotive

Firms:
Latham & Watkins

Party: ZF Friedrichshafen (Acquirer)

Lawyers: Bradley Faris, Dirk Kocher

NautaDutilh

Party: ZF Friedrichshafen (Acquirer)

Lawyer: Joost den Engelsman

Skadden Arps Slate Meagher & Flom

Party: WABCO (Target)

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