EC clears ZF to buy Mannesmann Sachs

摘要

The European Commission has approved automotive components maker ZF Fricedrichshafen 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,w hile Sachs makes parts such as drive trains, chassis, rubber-metal parts and hydraulic vibration dampers.