ZF grabs minority share of development service provider ASAP

ZF grabs minority share of development service provider ASAP

Business news |
The automotive supplier ZF acquires 35 % of ASAP Holding GmbH with over 1100 employees at eleven locations. With the move, the company secures further resources for the development of technologies for autonomous driving and electric mobility.
By Christoph Hammerschmidt

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The ASAP group, headquartered in Gaimersheim near Ingolstadt, offers engineering services with a focus on e-mobility, autonomous driving, and connectivity. “As an established development partner, the ASAP Group has extensive know-how in the areas of autonomous driving, e-mobility, networking, and vehicle software,” says Torsten Gollewski, Managing Director of Zukunft Ventures GmbH and Head of Advanced Development for the ZF Group. Gollewski explained that with the participation, ZF wants to gain access to the engineering service provider’s human resources with a lot of industry experience and special expertise in testing and validation.

By establishing strategic partnerships and equity interests – bundled under the umbrella of Zukunft Ventures GmbH – ZF has significantly expanded its development capacities in the area of autonomous driving in recent years.

The investment now agreed upon also follows ZF’s strategy of strengthening the Group’s electromobility and autonomous driving divisions and expanding them to include software and validation topics. At the Irecent AA Commercial Vehicles trade show, ZF CEO Wolf-Henning Schneider had announced that his company will invest around €12 billion in these two areas over the next five years. The partners have agreed not to disclose the value of ZF’s 35 percent stake in ASAP.

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