ZF gets green light for Bosch Rexroth gearbox takeover

GERMANY: German company ZF, already well known as a leading global automotive component supplier, is expanding its wind business further with acquisition of Bosch Rexroth's wind turbine gearbox and industrial gears segment.

ZF has acquired Bosch Rexroth's wind turbine gearbox and industrial gears segment

After antitrust authorisation, the takeover was completed on 1 December 2015. The initial agreement had been signed on 13 May 2015.

The Bosch Rexroth activities will be organised in a newly-created ZF Industrial Gears business unit, based in Witten, northwest Germany. The product range of the unit will include gearboxes for wind turbines up to 8MW.

Back in 2011, ZF had hit the headlines when it acquired Belgium-based Hansen Transmissions from Suzlon, which at the time had 7.6GW per year of turbine gearbox manufacturing capacity.

This added to ZF's 3GW of own wind turbine gearbox manufacturing capacity in Gainesville, Georgia, in the US, which began production in 2011.

The Bosch Rexroth acquisition underlines ZF's commitment to reduce dependence on the automotive sector by growing its wind energy business.

ZF is owned to 94% by a foundation named Zeppelin Stiftung. The remaining shares held by another foundation called Dr Jurgen und Irmgard Ulderup Stiftung.