Editor’s note: Wabco’s headquarters moved to Bern, Switzerland in February 2019. An earlier version of this story referred to the company’s previous headquarters location.
DETROIT — ZF Friedrichshafen has completed its acquisition of Wabco Holdings Inc. in a deal that — valued at more than $7 billion — demonstrates a prominent foray into self-driving commercial vehicles for the supplier.
A ZF spokesman confirmed that the German parts supplier, which specializes in driveline and chassis technology, completed its acquisition of Wabco on Friday morning.
ZF first announced its plans to purchase Wabco, largely a trucking parts supplier, in March 2019. Wabco’s Americas headquarters is in Auburn Hills, Mich., not far from several other major automotive suppliers in the suburban Detroit area, but its corporate headquarters is in Bern, Switzerland.
Wabco supplies integrated braking systems and stability control systems, air suspension systems and transmission automation controls, as…