ZF acquires German company - Trade Only Today

ZF acquires German company

ZF bought the industrial gears and wind turbine gearbox business of Bosch Rexroth AG.
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ZF bought the industrial gears and wind turbine gearbox business of Bosch Rexroth AG, resulting in 1,200 employees from Witten, Germany, Lake Zurich, Ill., and Beijing joining the technology company.

For ZF, the acquisition is an entry into the business of large industrial gears used in oil rigs, mine vehicles, tunnel drilling machines and cableways.

The product lines will be brought together in the new ZF Industrial Gears, which will be based in Witten. The company also is strengthening its wind turbine gearbox business.

“With the newly created industrial gears business unit we literally intend to get things moving on a large scale,” ZF CEO Stefan Sommer said in a statement. “We are extending our portfolio with large transmissions for industrial applications and mobile machinery through to tunnel drilling machines and 600-ton mining excavators. The product range will also be extended in the wind power technology business unit with gearboxes for turbines generating up to eight megawatts.”

ZF appointed Christoph Kainzbauer, an experienced manager in large gearbox technology, to head the industrial gears division. He was previously responsible for global sales of Bosch Rexroth's large gearbox segment.

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