ZF Friedrichshafen, a privately held provider of driveline and chassis technologies, completed the acquisition of WABCO, a global supplier of technologies and services, for c. $7bn. "The combination of these two successful enterprises will bring a new dimension of innovation and capability for commercial vehicle systems technology. Together, we will create added value for our customers, employees and shareholders alike. This acquisition marks a major milestone in the history of our company. With it, we are consistently continuing the transformation in the powertrain and in the field of digitalization. We are closing this acquisition in an unprecedented social and economic situation," Wolf-Henning Scheider, ZF Friedrichshafen CEO.