The antitrust authorities have given the go-ahead: On December 1, 2015 ZF will officially take over the industrial gears and wind turbine gearbox business from Bosch Rexroth AG.
1 200 employees altogether at the Witten, Beijing, and Lake Zurich (USA) locations will thus join the technology company. For ZF, the acquisition is an entry into the business with large industrial gears that are used in oil rigs, mine vehicles, tunnel drilling machines, or cableways, for instance. The various product lines will be brought together in the new ZF Industrial Gears business unit based in Witten, Germany. The company is also strengthening its wind turbine gearbox business. With the transaction ZF is taking over the two production locations of Bosch Rexroth AG in Witten (North Rhine Westphalia/ Germany) with almost 900 employees and in Beijing (China) with approximately 300 employees, as well as the service location in Lake Zurich (USA) with some 15 employees.