Mahle puts ZG into gear

ZG-Zahnräder und Getriebe, a Germany-based transmission gear manufacturer spun out of Technical University of Munich (TUM), has been acquired by automotive components and services supplier Mahle for an undisclosed sum, Automobilwoche reported yesterday.
Founded in 2008, ZG-Zahnräder supplies tailor-made transmission gears to the automotive industry along with services including gear synthesis, prototyping and testing. The company specialises in gears for electric and hybrid drive systems and has approximately 40 employees.
Mahle believes buying ZG-Zahnräder will improve its development capabilities to offer highly-integrated drive systems which are more optimised and efficient than their predecessors.
ZG-Zahnräder was founded by Bernd-Robert Höhn, then chairman of the Institute of Machine Elements at TUM. Details of the spinout’s equity funding do not appear to have been disclosed.
Jörg Stratmann, chairman and chief executive of Mahle, said: “The acquisition is another important step in the expansion of Mahle’s product portfolio and on its path to become a systems provider for all powertrain technologies.”