ZF Friedrichshafen will take over the large gearbox business of Bosch Rexroth. For ZF, the acquisition is an entry into the business with industrial gears that are used in oilrigs, mine vehicles, tunnel drilling machines or cableways, for instance. In addition, the technology company is strengthening its wind turbine gearbox business. The acquisition agreement was signed on 13 May 2015.
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 more than 300 employees, as well as the service location in Lake Zurich (USA) with approximately 15 employees, totalling more than 1,200 employees. The primary plant in Witten is not only home to Production but also to the Administration, Development and Sales departments for large gearbox technologies (industrial gears and wind turbine gearboxes); in Beijing, Bosch Rexroth exclusively produces wind turbine gearboxes. At both locations as well as in Lake Zurich, the company offers its customers support services.
The two companies have agreed not to disclose the purchase price.