ZF to sell Cherry Group to German investment company GENUI  [ Germany ]

German private investment company GENUI and the Cherry management has announced the acquisition of the Cherry Group from ZF Friedrichshafen AG. ZF will sell its 100-percent share in the subsidiary as it concentrates investment in its core business. The Cherry Group headquartered in Auerbach, Germany has 380 employees worldwide. ZF acquired the Cherry Corporation in 2008 and created a separate p...
<Oct 20, 2016>