Bosch wraps up acquisition of ZF Lenksysteme
On January 30, 2015, the Bosch Group completed its acquisition of ZF Friedrichshafen AG’s 50-percent share in the joint venture ZF Lenksysteme GmbH (ZFLS).
On January 30, 2015, the Bosch Group completed its acquisition of ZF Friedrichshafen AG’s 50-percent share in the joint venture ZF Lenksysteme GmbH (ZFLS). The formerly 50:50 joint venture will be incorporated into the Bosch Group as a new division with the name Robert Bosch Automotive Steering GmbH.
ZFLS employs more than 13,000 associates in eight countries. The company develops, manufactures, and sells steering systems for passenger cars and commercial vehicles worldwide. In 2013, it registered sales of around 4.1 billion euros (Rs 31,340 crore). With a total of 20 locations in places such as Europe, the US, China, India, Brazil, and Malaysia, the company is active in the world’s most important automotive markets.
ZFLS is a leading manufacturer of modern, fuel-saving electric steering systems, with which it currently generates around 60 percent of its sales. Alongside its potential to save up to 0.8 litres of fuel per 100 kilometres, electric steering is the basic technology required to realise a number of assistance systems in cars as well as automated driving. For example, electric steering systems are one of the prerequisites for automatic evasive steering support in critical situations, the lane-keeping assistant, and the start-stop coasting function in which the engine shuts off while coasting. ZFLS also offers suitable, systems-capable electric steering systems for the growing electric vehicle market.
Electric steering is also increasingly being used in commercial vehicles. At the 2014 IAA Commercial Vehicles in Hannover, ZFLS presented the new commercial-vehicle steering system Servotwin, which marks the first step into the electrification of commercial vehicle steering. This hydraulic-electric steering for commercial vehicles paves the way for the introduction of driver assistance systems in the commercial segment as well.
Bosch says its customers will benefit from the increased range of products on offer, which now includes steering systems. A main focus of ZFLS’s R&D activities is the networking of components into software-controlled complete systems. For example, the company brought a solution to series production which allows a car hooked up to a trailer to be maneuvered from outside the vehicle with a smartphone. Thanks to the development of the Servotwin electro-hydraulic commercial-vehicle steering system, this principle also now works in trucks with well over 40 metric tonnes of load volume. The corresponding prototype was presented at the 2014 IAA.
The company has also developed a compact, locally-engineered, and especially cost-effective electric power steering system for Asian markets.
In total, around 1,400 of the new division’s associates, or more than one in 10, work in development. In 2013, the company spent around 238 million euros (Rs 1,819 crore) on research and development. Since its establishment 15 years ago, the company has filed around 750 patents.
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