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ZF to acquire WABCO in $7 billion deal

German auto parts manufacturer ZF Friedrichshafen AG is acquiring WABCO Holdings Inc., a global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles. The deal will combine WABCO’s specialty in commercial vehicle safety systems — which includes technologies that can automatically slow or stop a vehicle — with ZF’s driveline and chassis technologies.

Read the source article at Legal News & Business Law News

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