ZF Friedrichshafen to acquire Cherry Corporation

ZF Friedrichshafen AG is further expanding its leading worldwide automotive supplier position for Driveline and Chassis Technology. Upon government approval, ZF will acquire the Cherry Corporation, headquartered in Pleasant Prairie, Wisconsin, with production locations in Germany, the Czech Republic, Mexico, Hong Kong, China, and India (India is a joint venture with TVS Group). The electronics manufacturer develops and produces among others switch systems, sensors, and control units for the automotive industry. In 2007, Cherry had sales of approximately $ 400 million with 3,100 employees worldwide.

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