ZF will take over the main gearbox business of Bosch Rexroth with more than 1,200 employees. The ZF acquisition made it suitable for industrial gear applications such as oil drilling equipment, mine cars and tunnel drilling machines. In addition, ZF is strengthening its wind turbine gearbox business. On May 13, 2015, the two parties signed the acquisition agreement, which is still in the stage of anti-monopoly approval. “Strengthening business development in the non-automotive field is one of the key goals of our long-term strategy,†said Dr. Stefan Sommer, CEO of ZF, “Acquisition of Bosch Rexroth industrial gear and wind turbines. The gearbox business is a good opportunity for us to enhance our industrial technology portfolio and open up new customer groups.†In 2014, the sales volume of the Bosch Rexroth main gearbox business was approximately 300 million Euros. In the same year, ZF's Industrial Technology sales accounted for about 12% of the Group's total sales, including off-road business, and it is expected that this proportion will increase in the future. ZF will take over two production sites of Bosch Rexroth - the Witten plant in Germany with nearly 900 employees, the Beijing plant with more than 300 employees, and the service company in Lake Zurich, USA. The total number of employees exceeds 1,200 people. The factory located in Witten is not only its main production base, but also responsible for the management, development and sales of the main gearbox business (industrial gears and wind turbine gearboxes). The Beijing factory is responsible for the production of wind turbine gearboxes. Witten and the Beijing factory and the service company at Lake Zurich provide technical support services to customers. “We believe that our main gearbox business will benefit from the professional experience of the ZF transmission and as ZF’s new business unit, we will be able to use this opportunity to the greatest extent to maintain a good rally. Mr. Tragl, chairman of Bosch Rexroth's Executive Committee, said that Bosch Rexroth has been working on further expanding its business in recent years. “We are trying to expand the range of new wind turbine gearboxes in the relatively weak wind development field.†In the future, Bosch Rexroth Will be more focused on the core business of industrial and mobile applications. “We look forward to working with more than 30 years of experienced wind turbine gearbox technology developers and drawing on ZF's more than 50 years of R&D experience in the industrial gear sector,†ZF board members Wilhelm Rehm, who is responsible for group material management and industrial technology, explained, “We considered Witten as our new industrial drive business unit headquarters.†The two companies unanimously decided not to publicly disclose the purchase price. It is still in the stage of antitrust approval. ZF is the world's leading supplier of transmission and chassis technology, with a total of 113 manufacturing companies in 26 countries. In 2014, the group had a total of 71,400 employees and sales exceeded 18 billion euros. In order to maintain its leading position in the industry, ZF has always devoted itself to the research and development of innovative products. The company invests 5% of its sales (2014: 891 million euros) in research and development every year. At present, ZF is one of the top ten auto parts suppliers in the world. In 2015, ZF will usher in the 100th anniversary of the establishment of the company. ZF was established in 1915. The company was originally named Zahnradfabrik GmbH ("gear factory" or "ZF") and was founded by Luftschiffbau Zeppelin GmbH in Friedrichshafen. Its early business was mainly for development, Test and manufacture the driveline of the aircraft. Since 1919, under the leadership of the first general manager and later CEO Alfred Grafvon Soden-Fraunhofen, the company's core business has shifted to the automotive and commercial vehicle industries. In this industry, the company has registered numerous patents for transmission innovation technology and established the direction of development as a major technology supplier. In 1958, the first base outside of Europe was established in Brazil and a global expansion plan was established, which is still ongoing. In addition, ZF also continues to expand its business scope through mergers and acquisitions. In 1984, ZF acquired the majority of shares in the Lemfrder Metallwaren & Co. KG, which further expanded its product portfolio, including chassis technology. In 2001, ZF took over the former Mannesmann Sachs AG to strengthen its added value chain with transmission and chassis components. Since 1992, the company has adopted the name of ZF Friedrichshafen AG. At present, the company's products include transmission systems and chassis technology, including transmissions, transmission systems and chassis components, as well as complete axle systems and modules. ZF's products are widely used in passenger cars, commercial vehicles, construction and agricultural machinery, railway transportation and marine applications. In addition, the company also focuses on the development of the wind energy and electronic components business. ZF's sales service division represents the group responsible for the international aftermarket business. In 2014, ZF announced its plan to acquire the US TRW Group. ZF AG is controlled by the Zeppelin Airship Foundation, managed by the city of Friedrichshafen, holds 93.8% of the shares, and holds a 6.2% stake in the Dr. Ulderup Foundation and the Lemfrder Group. . The slogan "MotionandMobility" clearly reflects the company's core mission: From the very beginning of the company's establishment, ZF has developed and produced innovative products worldwide, providing safe, reliable and comfortable logistics and efficient circulation for people. The ultimate experience. Quality, technological leadership and innovative power continue to define ZF's outstanding brand image. Professional Coupler Lock manufacturer is located in China, including Trailer Hitch Pin Lock,Trailer Coupler Hitch Pin Lock,Hitch Pins Locks, etc. Hitch Pins Locks Coupler Lock,Trailer Hitch Pin Lock,Trailer Coupler Hitch Pin Lock,Hitch Pins Locks NINGBO KINMAN AUTO PARTS CO.,LTD. , https://www.kinmantrailer.com
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