Bosch completes acquisition of ZF Lenksysteme  [ Germany ]

The Bosch Group completed its acquisition of ZF Friedrichshafen AG's 50-percent share in the joint venture ZF Lenksysteme GmbH. 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. (From a press release on January 30, 2015)