Bosch wraps up ZF Lenksystem buyout

By CARSIFU | 6 February 2015

STUTTGART: The Bosch Group completed its acquisition of ZF Friedrichshafen AG’s 50% share in the joint venture ZF Lenksysteme GmbH (ZFLS), allowing the group to own all shares in the former 50:50 joint venture.

ZFLS employs more than 13,000 associates in eight countries and the company develops, manufactures, and sells steering systems for passenger cars and commercial vehicles worldwide with registered sales of about 4.1bil Euros (RM20 bil) in 2013.

The company will be incorporated into the Bosch Group as a new division with the name Robert Bosch Automotive Steering GmbH, after a vote was held among ZFLS associates to determine the new name.

ZFLS generates around 60% of its sales from its fuel-saving electric steering systems, which has the potential to save up to 0.8 litres of fuel per 100km, and are increasingly being used in commercial vehicles – particularly its Servotwin.

ZF Lenksysteme

The electro-hydraulic steering system, presented at the 2014 can be used in commercial vehicles with over 40 metric tonnes of load volume.

The corresponding prototype was presented at the 2014 Internationale Automobil-Ausstellung (IAA) – International Automobile Exhibition, in Germany.

A more compact, locally engineered and cost-effective electric power steering system meant for Asian markets is also available.

Out of ZFLS’ 1,400 employees, more than 10% work in development with roughly 238mil Euros (over RM1bil) spent on research and development in 2013 alone.

The company has filed around 750 patents since its establishment 15 years ago.