On October 1, 2020, ZF Friedrichshafen AG acquired all shares of the former ZF Sachs Micro Mobility GmbH joint venture. The previous shareholders, BMZ Batterien-Montage-Zentrum GmbH and Gustav Magenwirth GmbH & Co. KG (MAGURA), have transferred their shares to ZF Friedrichshafen AG. They will continue to be partners and suppliers of ZF Sachs Micro Mobility GmbH, which now operates independently as a wholly-owned ZF subsidiary. The shares of BrakeForceOne GmbH, in the now terminated joint venture, had been acquired, in full, by ZF last year.
ZF created the ZF Sachs Micro Mobility GmbH joint venture together with its partners BMZ, MAGURA and BrakeForceOne as an entry to the growing electromobility market and to drive new technological momentum.
“With the acquisition of all shares, we aim to consolidate and expand our footprint and expertise in the growing micro-mobility market. With the new structure, ZF Sachs Micro Mobility GmbH can act independently, being faster and more flexible in the market,” says Daniel Härter, Senior Vice President Industrial Technology at ZF.
Based in Ravensburg, Germany, ZF Sachs Micro Mobility GmbH Board of Management remains unchanged, with Michael Funk and Marc Sommer.
SOURCE: ZF
