PHOTO
- Acquisition complements existing co-operations and investments
- ZF strives to set new standards for autonomous mobility and transport solutions
Friedrichshafen / Utrecht. ZF Friedrichshafen AG has acquired a 60 percent share of 2getthere B.V. The company offers complete automated transport systems and is located in Utrecht/Netherlands, with offices in San Francisco, Dubai and Singapore. Applications range from driverless electric transport systems at airports, business and theme parks to dedicated urban transport infrastructures. With this strategic investment, ZF is executing its Next Generation Mobility strategy to strengthen its foothold in the Mobility as a Service and automated guided vehicle growth markets, and complements its existing activities.
“2getthere has more than three decades of experience in the market for autonomous passenger transport vehicles as well as unique engineering and software competences. This acquisition supports our strategy to become a leading autonomous transportation systems supplier in the booming new mobility market”, said Wolf-Henning Scheider, Chairman of the Board of Management at ZF Friedrichshafen AG. With its strategic investment, ZF is strengthening its position in the growth markets of Mobility-as-a-Service solutions, autonomous transport systems, and shared autonomous vehicles. The majority stake in 2getthere complements ZF’s existing investments and co-operations, such as the e.GO Moove, a joint venture with e.GO Mobile AG, which targets the production of the e.GO Mover autonomous minibus, as well as Transdev, a leading operator and global provider of integrated mobility solutions.
2getthere was founded in 1984. Since then 2getthere accumulated more than 100 million kilometers of autonomous mileage with driverless passenger and cargo transport systems in several major cities worldwide, including Rotterdam, Abu Dhabi and Singapore, as well as numerous ports and airports. 2getthere’ s driverless systems, in revenue service at business park Rivium (Capelle aan den IJssel) and Masdar City (Abu Dhabi) have transported more than 14 million people, fully electric and reliable. The reliability of the systems installed by 2getthere, including vehicle controls and software architecture, exceeds 99.7 percent.
“The market for driverless electric transport systems is developing dynamically. We want to continue to lead the market and the involvement of ZF is helping us to realize our growth plans, accelerate our technology roadmap and provide the required security for new and existing customers,” said Carel C. van Helsdingen, founder and CEO of 2getthere. “The technological cooperation with ZF will support 2getthere’s work for the delivery of mixed traffic applications like Rivium and Brussels Airport." Looking at the past three years alone, the company’s revenue has increased by 60 percent.
In the future, ZF and 2getthere will closely work together to further develop technologies for autonomous transport systems.
“We have developed into a complete systems supplier for automated functions and we are therefore in a perfect position to support 2getthere. We can deliver electric drivelines, solutions for sensor technology, high performance computing, and actuators for all levels of automated applications,” explained Scheider. Conversely, ZF will also benefit from the vast field experience of the Dutch company and its extensive engineering and software competences when it comes to configuring and implementing complete autonomous transport systems. 2getthere’s engineering and software development teams in Utrecht are expected to grow significantly over the next years, approximately doubling the current 60 employees.
The two companies agreed not to disclose the transaction volume.
Press contacts:
Thomas Wenzel, Director of Global Corporate Communications,
Phone: +49 7541 77-2543,
E-mail: thomas.wenzel@zf.com
Andreas Veil, Head of Business and Finance Communications,
Phone: +49 7541 77-7925,
E-mail: andreas.veil@zf.com
Robbert Lohmann, Chief Commercial Officer, 2getthere,
Phone: +31621202685,
E-mail: robbert@2getthere.eu
ZF Friedrichshafen AG
ZF is a global leader in driveline and chassis technology as well as active and passive safety technology. The company has a global workforce of 146,000 with approximately 230 locations in some 40 countries. In 2017, ZF achieved sales of €36.4 billion. ZF is one of the largest automotive suppliers worldwide.
ZF allows vehicles to see, think and act. The company invests more than six percent of its sales in research and development annually – in particular for the development of efficient and electric drivelines and also in striving for a world without accidents. With its broad portfolio, ZF is advancing mobility and services in the automobile, truck and industrial technology sectors.
For further press information and photos, please visit: www.zf.com
2getthere B.V.
2getthere delivers driverless transit applications, in mixed traffic, on dedicated lanes or segregated infrastructures. The systems are based on over 30 years of experience with automated vehicles in different demanding environments.
Our vision is to continually develop the landscape of automated transit technology by maintaining our entrepreneurial spirit. 2getthere has been at the forefront of introducing new transit systems since 1984. We will continue to push and innovate, providing efficient, high-quality transit systems for point-to-point connections, corridors and networks.
For further press information and photos, please visit: www.2getthere.eu.
© Press Release 2019Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.