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ZF Acquires Stake in Engineering Services Provider ASAP

| October 19, 2018
The ASAP headquarters in Gaimersheim

The ASAP headquarters in Gaimersheim

ZF Friedrichshafen AG is taking over 35 percent of the shares of the engineering services provider ASAP Holding GmbH, located in Gaimersheim, Bavaria.

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.

 

Category: General Update, News

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