ZF Friedrichshafen AG acquires 100 percent share in ZF Sachs Micro Mobility GmbH
ZF created the ZF Sachs Micro Mobility GmbH joint venture together with its partners BMZ, MAGURA and BrakeForceOne as an entry to the growing electromobility market and to drive new technological momentum.
With the acquisition of all shares, we aim to consolidate and expand our footprint and expertise in the growing micro-mobility market. With the new structure, ZF Sachs Micro Mobility GmbH can act independently, being faster and more flexible in the market, says Daniel Härter, Senior Vice President Industrial Technology at ZF.
Oct 05, 2020 at 22:15