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.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.