Investor Relations

Announcement Nov 30, 2016

ZF intends to tender its entire holding in Haldex into Knorr-Bremse offer

ZF Friedrichshafen AG, through its wholly-owned subsidiary ZF International B.V. (“ZF”), announced today that it has reduced its shareholding in Haldex Aktiebolag (publ) (“Haldex” or the “Company”) to 20.11 percent of the total share capital as of today and intends to accept Knorr-Bremse AG’s (“Knorr-Bremse”) tender offer at SEK 125 in cash per share for its entire remaining stake. ZF previously held 21.67 percent in Haldex and as such is Haldex’s largest shareholder.

ZF Press Release - Nov 30, 2016 (PDF, 57.6 KB)

ZF at a glance

The challenges of our time question the status quo and demand new answers. As a global leader in driveline and chassis technology as well as active and passive safety technology we deliver those answers and consequently align our activities.

ZF is a global leader in driveline and chassis technology as well as active and passive safety technology. The company acquired TRW Automotive on May 15, 2015, which was then integrated within the organization as the Active & Passive Safety Technology Division. The combined company reported sales of €29.2 billion in 2015 and now has a global workforce of around 135,000 with approximately 230 locations in some 40 countries. ZF annually invests approximately five percent of its sales in Research & Development (€1.4 billion in 2015) ensuring continued success through the design and engineering of innovative technologies. ZF is one of the largest automotive suppliers worldwide.

ZF intends to continue on its growth path in the years ahead. The strategy “ZF 2025” is based on the five pillars:

  • Balanced Market Penetration
  • Innovation and Cost Leadership
  • Profitable Diversification
  • Financial Independence
  • Global Attractive Employer

ZF’s shareholders are the Zeppelin Foundation, administered by the City of Friedrichshafen, holding 93.8 percent of the company’s shares, and the Dr. Jürgen and Irmgard Ulderup Foundation Lemförde, with 6.2 percent.

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