TU-TESL

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Recently, ZF, a German auto parts supplier, has obtained antitrust approval from the United States and the European Union for its US $7 billion acquisition of Weibo. The picture comes from "specific authorization" at the end of March 2019, and ZF has announced the completion of the acquisition. The acquisition of Weibo is part of a series of radical expansion plans by former CEO Stefan Sommer. ZF has over 120 production bases and 6 R & D centers around the world with its main business of and transmission system. Veburco is one of the world's leading suppliers of commercial electronic brake, stability and suspension control systems. Customers include the world's leading manufacturers of commercial vehicles, trailers, buses and passenger vehicles. In 1869, wilburke was founded in the United States. At that time, it was called "Westinghouse air brake company". The founder of wilburke was George Westinghouse. In 1968, Weibo was acquired by American standard company and listed in 2007. Headquartered in Brussels, Belgium, Weibo employs more than 7700 people in 31 countries around the world. In 2016, Sommer proposed to buy the brake system company Weibo, but was rejected by the board of supervisors of ZF, on the grounds that "Sommer's merger proposal is quite reckless". But in the end, ZF decided to buy Weibo. The acquisition is part of ZF's next-generation travel strategy, expanding the company's capabilities to commercial vehicle braking solutions, which will play a central role in the implementation of functions, including emergency braking operations for trucks and trailers, the company said. ZF wants the vehicle to be able to observe, think and act, which corresponds to the three key modules of automatic driving - perception, decision-making and control. ZF expects that the autopilot function will be mainly applied to commercial vehicles, as well as scenes with relatively low traffic flow and complexity (such as factories, airports, farms). After the acquisition, ZF was able to improve the entire commercial vehicle technology portfolio and provide solutions to enable the car to "act.". In this way, perception, decision-making and control form a closed-loop, and automatic driving really lands. After the merger, ZF will become a leading global supplier of commercial vehicle technology integration system, with a total sales volume of about 40 billion euros, which is expected to be ranked in the top three parts lists in the world.