Skip to main content
  • Accessibility
  • EN
    Show search
    logo
    EN
    search-icon
  • Accessibility
    1. Home
    2. Newsroom
    3. ZF sets up Passive Safety Systems Division independently
    Go back to newsroom icon

    ZF sets up Passive Safety Systems Division independently

    2022-Oct-26
    Download icon
    • Technology group is actively shaping the transformation of the mobility industry with “Next Generation Mobility” strategy
    • Independence of passive safety enables stronger growth and sustainable expansion of market position
    • Number 2 worldwide in passive safety technology

     

    Friedrichshafen, Germany. ZF has decided to carve-out its Passive Safety Systems Division and set it up independently by the end of 2023. This decision is intended to open up new strategic options for action for the occupant protection systems business and is the result of a continuous review of the ZF portfolio. In the course of the current transformation process in the automotive industry, ZF has evaluated and analyzed the growing transformation business on the one hand and the growth potential of traditional business areas such as passive safety systems on the other. In a carve-out, the company sees the best conditions to generate stronger growth and a sustainable expansion of the market position of the world’s number 2 in the passive safety technology business by involving external investors.

    press_fallback_PMI_3_2_748px.jpg

    Passive safety technology systems include airbags, seat belts and steering wheels. They represent an independent business that operates largely unaffected of the transformation in the automotive industry and has high growth potential. However, additional investment resources are required to tap this growth potential.

    The ZF Group has therefore decided to carve out its successful Passive Safety Systems Division by the end of 2023 and set it up independently. This measure serves to give the division more strategic options for its future development and thus to achieve higher growth. This may include the entry of external investors who can improve access to additional growth capital. This option will sustainably strengthen the division’s claim to be the most innovative and forward-looking player in the market.

    “The Passive Safety Systems division has been a continuous success story for the ZF Group since the division was acquired in 2015. Over the past seven years, ZF has developed the division into the global number 2 in passive safety systems. Due to the transformation of the mobility business, we are planning to reposition the safety business,” said Wolf-Henning Scheider, CEO of ZF Group.

    Today, the Passive Safety Systems Division has a market share of around 25 percent of global sales of passive safety equipment, with significant potential for more. The comprehensive product portfolio includes both individual components and complete passive safety systems for various vehicle segments, ranging from small vehicles in the volume segment to the most sophisticated luxury vehicles.

    Martin Fischer, member of the ZF Group Executive Board and responsible for the Passive Safety Systems division, added: “Strategically and financially, we are in a comfortable position with stable and decent profits. These are independent of the disruptive developments currently characterizing the automotive industry. At the same time, this business will benefit from the megatrends of increased vehicle safety and autonomous driving.”

    The division’s sales in 2021 amounted to €3.8 billion. This represents growth of 8.6 percent compared to 2020, despite the impact of the Corona pandemic and the approximately 10 million vehicles that could not be produced due to disrupted supply chains and material shortages. Overall, order intake increased by 60 percent from 2018 to 2021, reflecting the strong market position.

    Contact
    knut_zimmer.jpg

    Knut Zimmer

     Spokesperson Product & Technology, ZF LIFETEC

    Send email mailto:knut.zimmer@zf-lifetec.com
    ZF Lifetec Logo

    ZF Airbag Germany GmbH 

    Wernher-von-Braun-Straße 1

    84544 Aschau am Inn


    
T: +49 8638 9650

    Follow Us

    Social icon: 0Social icon: 1Social icon: 2
    © ZF LIFETEC

    Accessibility panel

    Accessibility improvements

    Dyslexia font
    Gray tones
    Big cursor
    Stop animations

    Text spacing (0px)

    Increase text spacing
    Decrease text spacing
    Reset text spacing

    Zoom (100%)

    Zoom in
    Zoom out
    Reset zoom

    Contrast colors

    AccessibilityWith high contrast
    AccessibilityWith high contrast
    AccessibilityWith high contrast

    Data Privacy

    logo

    Essential

    Essential cookies enable basic functions and are necessary for the website to function properly.

    Statistics

    Statistics cookies collect information anonymously. This information helps us understand how our visitors use our website.