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Press Release

2020-Oct-05

ZF Friedrichshafen AG acquires 100 percent share in ZF Sachs Micro Mobility GmbH

  • ZF Sachs Micro Mobility GmbH is now wholly owned by ZF Friedrichshafen AG as part of the Industrial Technology Division
  • ZF strengthens its competence in the micro-mobility market with the acquisition of all shares

Friedrichshafen/Ravensburg, Germany. On October 1, 2020, ZF Friedrichshafen AG acquired all shares of the former ZF Sachs Micro Mobility GmbH joint venture. The previous shareholders, BMZ Batterien-Montage-Zentrum GmbH and Gustav Magenwirth GmbH & Co. KG (MAGURA), have transferred their shares to ZF Friedrichshafen AG. They will continue to be partners and suppliers of ZF Sachs Micro Mobility GmbH, which now operates independently as a wholly-owned ZF subsidiary. The shares of BrakeForceOne GmbH, in the now terminated joint venture, had been acquired, in full, by ZF last year.

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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.

Based in Ravensburg, Germany, ZF Sachs Micro Mobility GmbH Board of Management remains unchanged, with Michael Funk and Marc Sommer.

CONTACT

Andreas Veil

Commercial and Financial Communication

+49 7541 77-7925

andreas.veil@zf.com