Manufacturing Industry
EC clears ZF to buy Mannesmann Sachs: European commission approves deal which creates Germany's third largest supplier of automotive components. (Rubber news).(ZF Friedrichshafen AG)(Brief Article)
European Rubber Journal, January, 2002 by Raleigh, Patrick
The European Commission has approved automotive components maker ZF Friedrichshafen AG's planned takeover of German engineering firm Mannesmann Sachs AG (Sachs).
ZF supplies transmission units, components for axles and chassis units, steering and complete systems, while Sachs makes parts such as drive trains, chassis, rubber-metal parts and hydraulic vibration dampers.
There are a number of overlaps in the case of rubber-metal parts for vibration dampers between ZF and Sachs, particularly for chassis- and engine-mountings, noted the EC. However, "in view of the existence of strong competitors and the fact that the car industry is a strong counterpart to the distributors ... the proposal does not give rise to competition concerns," said a 19 Nov EC...
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