ZF signs definitive agreement to acquire WABCO

· ZF and WABCO to form a leading global integrated systems provider for commercial vehicle technology with combined sales of approximately €40 billion · Complementary capabilities of both companies to create added value for ZF’s commercial vehicle customers · ZF to acquire WABCO for $136.50 per share for a total equity value of approximately $7 billion · Closing expected for early 2020 · Planned acquisition approved by ZF’s Management Board and Supervisory Board and WABCO’s Board of Directors Friedrichshafen. ZF Friedrichshafen AG, a leading global technology group and supplier