Germany-based technology company, ZF, has announced the successful start of its new Commercial Vehicle Solutions (CVS) division, effective 1 January 2022.
The new division combines ZF’s expertise in the commercial vehicle industry and will significantly advance solutions for safe, sustainable and digitised transport. 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.
“With the new CVS division, ZF is now positioning itself as the world’s largest component and system supplier for the commercial vehicle industry,” said Wilhelm Rehm, member of the ZF Board of Management with responsibility for the new division.
“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.
“In line with our ‘Next Generation Mobility’ corporate strategy, CVS will accelerate ZF’s global growth strategy.”
ZF’s Commercial Vehicle Solutions division is supported by around 25,000 employees based across 61 locations in 28 countries.
The CVS division, according to ZF, is helping shape the future of commercial transportation ecosystems.
“Our mission is to be the preferred global technology partner to the commercial vehicle industry,” said ZF. “Powerfully combining ZF’s commercial vehicle systems expertise, extensive technology portfolio and global operations, the division serves the full commercial vehicle industry value chain. As the automotive industry progresses towards an increasingly autonomous, connected, and electrified (ACE) future, ZF’s CVS division innovates, integrates and supplies components and advanced control systems that help make commercial vehicles and fleets operate more safely and sustainably. CVS unites ZF’s former Commercial Vehicle Technology and Commercial Vehicle Control Systems divisions, the latter being formed following ZF’s acquisition of WABCO in Spring 2020.”