Bosch to take over ZF Lenksysteme
Bosch is planning to increase its stake in PCV steering wheel manufacturer, ZF Lenksysteme GmbH (ZFLS), to 100%. The transaction is subject to approval by the antitrust authorities. The purchase price will not be disclosed. Up to now, German based ZFLS has been a 50:50 joint venture between Bosch and ZF. Employing over 13,000 associates […]