ZF Acquires Hanson to Develop Global Business

The reporter learned on November 23, 2011 that German component supplier ZF ZF announced that it has completed the acquisition of Hansen Transmission International's shares.

Hans-Georg Härter, CEO of ZF, stated: “For a long time, renewable energy, especially wind energy, will have more room for growth. ZF will work with Hanson’s employees to create an industry together. Leading wind energy business." Härter also said that the acquisition of Hansen will help ZF to supplement ZF’s global scope of business so that it can provide products and services to all important markets around the world and help it expand its product lineup so that it can globally Wind turbines supply gearboxes. Hansen's main design, manufacture and supply of wind turbines and gearboxes. After the completion of the acquisition, Hansen will be integrated into ZF's Industrial Technology Division and will be responsible for the wind power technology business. The former CEO of Hansen, Alex DeRyck, will become the head of the business.

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