On 25 July 2011, the boards of ZF Friedrichshafen AG (ZF) and Hansen Transmissions International NV (Hansen) announced the terms of a recommended cash offer for the entire issued and to be issued share capital of Hansen to be made by ZF International BV, a wholly owned subsidiary of ZF.
On 6 October 2011, ZF announced that all of the conditions to the Offer had been satisfied and declared the Offer unconditional in all respects. The delisting of Hansen from the London Stock Exchange is expected as from 16 November 2011, and Hansen will become a full subsidiary of the substantially larger ZF Group. The existing wind gearbox activities of the ZF Group will be merged with the activities of Hansen into the new business unit Wind Power Technology of ZF. This new business unit allows wind turbine customers to access one of the world leaders in wind turbine gearboxes with a dedicated focus on multi-MW technology and a worldwide manufacturing presence with plants in the USA, Europe, India and China.
On 6 October 2011, ZF announced that all of the conditions to the Offer had been satisfied and declared the Offer unconditional in all respects. The delisting of Hansen from the London Stock Exchange is expected as from 16 November 2011, and Hansen will become a full subsidiary of the substantially larger ZF Group. The existing wind gearbox activities of the ZF Group will be merged with the activities of Hansen into the new business unit Wind Power Technology of ZF. This new business unit allows wind turbine customers to access one of the world leaders in wind turbine gearboxes with a dedicated focus on multi-MW technology and a worldwide manufacturing presence with plants in the USA, Europe, India and China.
