Strengthening Mobility Solutions business sector
Bosch completes acquisition of ZF Lenksysteme
Antitrust authorities approve

 
 
 

Contacts


Zairynn Yazmi
Senior Officer
Robert Bosch Sdn Bhd
Corporate Communications
8A, Jalan 13/6
46200 Petaling Jaya
Malaysia
Phone: +603 7966 3137

 

2015-01-30 | Malaysia | Corporate News

  • The growth area of electric steering is the basic technology for driver assistance, automated driving, and electric cars
  • Integration in the Bosch Group as separate division
  • Company will be called Robert Bosch Automotive Steering GmbH

Stuttgart/Schwäbisch Gmünd – On January 30, 2015, the Bosch Group complet-ed its acquisition of ZF Friedrichshafen AG’s 50-percent share in the joint venture ZF Lenksysteme GmbH (ZFLS). The antitrust authorities have approved the acquisition. This means that Bosch now owns all shares in the formerly 50:50 joint venture. It will be incorporated into the Bosch Group as a new division with the name Robert Bosch Automotive Steering GmbH. A vote was held among ZFLS associates to determine the new name.

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. With a total of 20 locations in places such as Europe, the U.S., 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 liters of fuel per 100 kilometers, electric steering is the basic technology required to realize 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 commer-cial-vehicle steering system Servotwin, which marks the first step into the electri-fication of commercial vehicle steering. This hydraulic-electric steering for com-mercial vehicles paves the way for the introduction of driver assistance systems in the commercial segment as well.

Bosch’s 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 com-mercial-vehicle steering system, this principle also now works in trucks with well over 40 metric tons of load volume. The corresponding prototype was presented at the 2014 IAA.

A compact, locally-engineered, and especially cost-effective electric power steering system for Asian markets shows that the company not only offers solutions for the premium segment. This means that even customers who drive more affordable compact cars can benefit from the increased efficiency offered by these products.

In total, around 1,400 of the new division’s associates, or more than one in ten, work in development. In 2013, the company spent roughly 238 million euros on research and development. Since its establishment some 15 years ago, the company has filed around 750 patents.

About Bosch in Malaysia

Bosch has been present in Malaysia since 1923, represented by Robert Bosch Sdn Bhd, with offices located in Selangor, Penang and Johor. In Malaysia, Bosch has diversified businesses in Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The company has three manufacturing plants in Penang providing Car Multimedia, Power Tools and Automotive Steering systems. In 2016, Malaysia contributed sales of RM 610 million (133 million euro) and employed more than 2,700 associates.
Additional information is available at:
www.bosch.com.my
www.facebook.com/BoschMalaysia

About Bosch worldwide

The Bosch Group is a leading global supplier of technology and services. It employs roughly 390,000 associates worldwide (as of December 31, 2016). The company generated sales of 73.1 billion euros in 2016. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 120 locations across the globe, Bosch employs some 59,000 associates in research and development.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Further information is available online at

www.bosch.com

www.iot.bosch.com

www.bosch-press.com

twitter.com/BoschPresse