ZF launches Commercial Vehicle Solutions division and acquires a stake in Apex.AI
ZF announced the successful start of its new Commercial Vehicle Solutions (CVS) division with effect from January 1, 2022, and the acquisition of a stake in Apex.AI.
ZF announced the successful start of its new Commercial Vehicle Solutions (CVS) division with effect from January 1, 2022, and the acquisition of a stake in Apex.AI. The ZF Group thus demonstrates that it does not stop its strategies despite the pandemic. The new division combines ZF’s expertise in the commercial vehicle industry and will significantly advance solutions for safe, sustainable and digitized 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. 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.”
ZF’s Commercial Vehicle Solutions division is supported by around 25,000 employees based across 61 locations in 28 countries.
ZF acquires a stake in Apex-AI
ZF has also announces the Group has strengthened its automotive software business by acquiring a five percent stake in the software company Apex.AI. In addition to the financial support, ZF will also develop software solutions based on the Apex.OS meta-operating system. “Based on the Apex.OS, we can offer our customers an additional ZF Middleware option,” said Nico Hartmann, head of the ZF Global Software Center. “This solution is certified to the highest standards of functional safety for passenger cars and commercial vehicles. Thus, we offer our customers an alternative to Autosar Adaptive.”
