Gleiss Lutz has advised ZF Friedrichshafen AG on the carve-out and sale of its Advanced Driver Assistance Systems (ADAS) business unit to US in-cabin electronics leader Harman International Inc. The enterprise value agreed upon is EUR 1.5 billion.
The transaction is expected to close in the second half of 2026, subject to the necessary regulatory approvals.
The following Gleiss Lutz team led by Dr. Stefan Widder (partner), Dr. Patrick Mossler (partner, both Hamburg) und Dr. Ralf Morshäuser (partner, all M&A, Munich) has advised ZF:
Jan Philipp Mohr (counsel), Meike Matthias (both Hamburg), Dr. Moritz Lochmann (Munich), Dr. Christoph Goller (Stuttgart), Dr. Florian Altmann, Jonas Tafel (all M&A, both Hamburg), Prof. Dr. Michael Arnold (partner), Dr. Nikolai Unmuth (both Corporate, both Stuttgart), Dr. Matthias Werner (partner), Dr. Felizitas Casper, Dr. Johannes Bernhardt, Dr. Josefine Börner, Magdalena Rauch (all IP/Tech, all Munich), Dr. Matthias Karl (partner), Dr. Philipp Pichler (counsel), Jan Sachsenmaier, Tim Seiter (all Competition/Antitrust, all Stuttgart), Dr. Johann Wagner (partner), Dr. Markus Günther (both Tax, both Hamburg), Dr. Steffen Krieger (partner, Düsseldorf), Barbara Bücker (both Employment, Berlin), Dr. Eva Reudelhuber (partner, Banking & Finance, Munich), Konrad Discher (counsel, Real Estate, Frankfurt), Aylin Hoffs (counsel, Foreign Trade Law, Düsseldorf).
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