ZF Friedrichshafen said it was making good progress with the new planned strategic focus in the commercial brakes area and may divest its 20% holding in Haldex.

"As a result of this, ZF is considering options to divest its stake in Haldex subject to market conditions, it said in a statement.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

ZF through its wholly-owned subsidiary ZF International currently holds around 8.9m shares in Haldex, or approximately 20% of Haldex's outstanding share capital.

The supplier did not provide any further detail.

Haldex said in a statement: "Haldex notes that its largest shareholder, ZF Friedrichshafen AG, this morning announced that it intends to divest its shareholding in Haldex, reportedly consisting of 8.9m shares.

Last month, Helene Svahn, a board member, professor at KTH Royal Institute of Technology in Sweden and head of research and innovation at Permobil took over as Haldex CEO from Ake Bengtsson, who had been in the top role since the 2017 bidding process with Knorr-Bremse.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now