Automotive supplier Robert Bosch GmbH has announced to acquire 100% of ZF Lenksysteme (ZFLS), a company focusing on steering systems for cars and commercial vehicles. The company hitherto is a 50:50 joint venture of Bosch and automotive mechatronics provider ZF Friedrichshafen. With the move, ZF Friedrichshafen apparently readies for a potential takeover of TRW Automotive.
The market for dimensional metrology is heading for a period with significant growth: By 2018 the market volume is expected to expand by more than 26 percent, predicts market researcher Frost & Sullivan. The demand is powered by the current trend to the next level of automation in the automotive industry.