ZF Friedrichshafen AG acquires 35 percent stake in engineering services provider ASAP Holding GmbH

ZF Friedrichshafen AG acquires 35 percent stake in engineering services provider ASAP Holding GmbH

• ZF buys 35 percent stake in ASAP Holding GmbH which has over 1,100 employees at 11 locations
• ASAP Group, headquartered in Gaimersheim near Ingolstadt, Germany, offers engineering services with a focus on e-mobility, autonomous driving and connected cars
• ZF expands its ecosystem to include a further partnership in future mobility fields

Friedrichshafen/ Gaimersheim, Germany, 23-Oct-2018 — /EuropaWire/ — ZF Friedrichshafen AG is taking over 35 percent of the shares of the engineering services provider ASAP Holding GmbH, located in Gaimersheim, Bavaria (near Ingolstadt). With this move, the company is pursuing its strategy of securing additional resources for autonomous driving and e-mobility in order to better meet the ever growing demands from customers in these areas.

“As an established development partner, ASAP Group has extensive expertise in the areas of autonomous driving, e-mobility, connected cars and vehicle software,” says Torsten Gollewski, general manager of Zukunft Ventures GmbH and head of ZF’s Advanced Development department. “This participation allows us access to human resources from an outstanding engineering services provider with extensive industry experience and special expertise in testing and validation. We look forward to working with the team at ASAP in order to develop forward-looking mobility solutions for series production.”

Michael Neisen, chairman of the Executive Board at ASAP, said: “Autonomous driving and e-mobility are the dominant trends in the automotive industry which we focused on intensively in recent years. With ZF Friedrichshafen AG, one of the world’s largest automotive suppliers, we have a partner at our side with whom we will further advance these future technologies.”

By establishing strategic partnerships and equity stakes under the umbrella of Zukunft Ventures GmbH, ZF has significantly expanded its development capabilities in the area of autonomous driving in recent years.

The now agreed share is also in line with ZF’s strategy of significantly strengthening the company’s electromobility and autonomous driving expertise in the areas of software and validation. ZF’s Chief Executive Officer Wolf-Henning Scheider recently announced at the IAA Commercial Vehicles trade show that ZF will be investing some EUR 12 billion in these two areas alone over the next five years. The partners have agreed not to disclose the value of ZF’s 35 percent stake in ASAP.

MEDIA CONTACT

Thomas Wenzel
Director
Global Corporate Communications
+49 7541 77-2543
thomas.wenzel@zf.com

SOURCE: ZF Friedrichshafen AG