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Bosch completes acquisition of ZF Lenksysteme

Media release.
Published: 02-Feb-2015 11:05 am
Publisher: Bosch

Stuttgart/Schwäbisch Gmünd – On January 30, 2015, the Bosch Group completed its acquisition of ZF Friedrichshafen AG’s 50-percent share in the joint venture ZF Lenksysteme GmbH (ZFLS). The antitrust authorities have approved the acquisition. This means that Bosch now owns all shares in the formerly 50:50 joint venture. It will be incorporated into the Bosch Group as a new division with the name Robert Bosch Automotive Steering GmbH. A vote was held among ZFLS associates to determine the new name.

ZFLS employs more than 13,000 associates in eight countries. The company develops, manufactures, and sells steering systems for passenger cars and commercial vehicles worldwide. In 2013, it registered sales of around 4.1 billion euros. With a total of 20 locations in places such as Europe, the U.S., China, India, Brazil, and Malaysia, the company is active in the world’s most important automotive markets. 

ZFLS is a leading manufacturer of modern, fuel-saving electric steering systems, with which it currently generates around 60 percent of its sales. Alongside its potential to save up to 0.8 liters of fuel per 100 kilometers, electric steering is the basic technology required to realize a number of assistance systems in cars as well as automated driving. For example, electric steering systems are one of the prerequisites for automatic evasive steering support in critical situations, the lane-keeping assistant, and the start-stop coasting function in which the engine shuts off while coasting. ZFLS also offers suitable, systems-capable electric steering systems for the growing electric vehicle market.

Electric steering is also increasingly being used in commercial vehicles. At the 2014 IAA Commercial Vehicles in Hannover, ZFLS presented the new commercial-vehicle steering system Servotwin, which marks the first step into the electrification of commercial vehicle steering. This hydraulic-electric steering for commercial vehicles paves the way for the introduction of driver assistance systems in the commercial segment as well. 

Bosch’s customers will benefit from the increased range of products on offer, which now includes steering systems. A main focus of ZFLS’s R&D activities is the networking of components into software-controlled complete systems. For example, the company brought a solution to series production which allows a car hooked up to a trailer to be maneuvered from outside the vehicle with a smartphone. Thanks to the development of the Servotwin electro-hydraulic commercial-vehicle steering system, this principle also now works in trucks with well over 40 metric tons of load volume. The corresponding prototype was presented at the 2014 IAA.

A compact, locally-engineered, and especially cost-effective electric power steering system for Asian markets shows that the company not only offers solutions for the premium segment. This means that even customers who drive more affordable compact cars can benefit from the increased efficiency offered by these products. 

In total, around 1,400 of the new division’s associates, or more than one in ten, work in development. In 2013, the company spent roughly 238 million euros on research and development. Since its establishment some 15 years ago, the company has filed around 750 patents.

Contact for journalists:

Robert Bosch GmbH
Dr. Ingo Rapold, 
Phone: +49 711 811-48905Phone: +49 711 811-7639
Email: Ingo.Rapold@bosch.com

René Ziegler,
Phone: +49 711 811-7639
Email: Rene.Ziegler@bosch.com

Siemens AG
Wolfram Trost, 
Phone:+ 49 89 636-34794
Email: wolfram.trost@siemens.co

 

About Bosch:
The Bosch Group is a leading global supplier of technology and services. In 2013, its roughly 281,000 associates generated sales of 46.1 billion euros. (NB: Due to a change in accounting policies, the 2013 figures can only be compared to a limited extent with the 2012 figures). Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 360 subsidiaries and regional companies in some 50 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. In 2013, the Bosch Group invested some 4.5 billion euros in research and development and applied for some 5,000 patents. This is an average of 20 patents per day. The Bosch Group's products and services are designed to fascinate, and to improve the quality of life by providing solutions which are both innovative and beneficial. In this way, the company offers technology worldwide that is "Invented for life." 

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering." The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. 92 percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH 

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