ZF announced the successful start of its new “Commercial Vehicle Solutions” (CVS) division with effect from January 1, 2022. The new division «combines ZF’s expertise in the commercial vehicle industry and will significantly advance solutions for safe, sustainable and digitized transport», the company says. The new division unites ZF’s former Commercial Vehicle Technology and Commercial Vehicle Control Systems divisions, the latter of which was formed from ZF’s May 2020 acquisition of WABCO.

ZF Commercial Vehicle Solutions (CVS)

“With the new CVS division, ZF is now positioning itself as the world’s largest component and system supplier for the commercial vehicle industry. Thanks to our broad technological positioning and global market presence, we can offer our customers the key solutions they need to transform their product portfolio from a single source. Leveraging our regional structure, we offer significant advantages and close customer proximity for truck, bus and trailer manufacturers as well as fleet operators, wherever they are in the world,” said Wilhelm Rehm, member of the ZF Board of Management with responsibility for the new division. “In line with our ‘Next Generation Mobility’ corporate strategy, CVS will accelerate ZF’s global growth strategy.”

Highlights

Related articles

Tata Motors takes over Iveco Group for €3.8 billion

Tata Motors and Iveco Group have announced an agreement that will lead to the creation of a global commercial vehicle manufacturer, with transaction to be concluded by Q2 2026. The transaction, valued at approximately EUR 3.8 billion, involves a voluntary tender offer by Tata Motors for all common s...