· ZF 460 million acquisition of Swedish brake system supplier Haldex
German auto parts giant ZF has been moving continuously: first on August 2, 2016, it announced the purchase of a 40% stake in Ibeo, a professional supplier of laser detection and measurement. However, on August 4, it announced that it will purchase 460 million euros from Sweden's brake system supplier Haldex. It is reported that ZF Group will acquire Haldex's market value of approximately 460 million Euros at a price of 100 SEK per share. The Haldex Board of Directors has announced that it will accept the offer from ZF. Our Ceiling Channel Roll Forming Machine is designed by using optimum quality raw material and advanced machinery tools.Our roll forming machine is known for their reliable operations,less power consumption and effective performance.We have gained vast experience in the field of manufacturing,supplying and exporting a large mount of ceiling Channel Roll Forming Machine. Ceiling Channel Roll Forming Machine Ceiling Channel Roll Forming Machine,Steel Roof Truss Machine,Steel Profile Roll Forming Machine,Furring Channel Roll Forming Machine, Omage Profile Roll Forming Machine, Furring Shape Roll Forming Machine, C Channel Roll Forming Machine Botou Kaiyite Cold Bending Machinery Co.,Ltd. , https://www.chinacoldbendingmachinery.com
Haldex is now focusing on the development and manufacture of brake systems for commercial vehicles, which just complements the ZF commercial vehicle brake system product line. The acquisition is significant for ZF – the German auto parts giant will be able to effectively use fuel efficiency solutions, autonomous driving technology and safety systems in passenger vehicles for commercial vehicles. Thereby improving the safety level of the overall traffic conditions. Previously, on December 29, 2010, BorgWarner acquired the transmission system business of Haldex. The acquisition of ZF will be the commercial vehicle system of Haldex, mainly the brake system of commercial vehicles.
Stefan Sommer, chairman of ZF's board of directors, said: "We firmly believe that our company will do its utmost to benefit shareholders. Haldex will be further strengthened after the acquisition of our truck market. Haldex will leverage ZF's technological advantages, Global presence and customer relationships to enhance your global competitiveness, management capabilities and employee standards."
Haldex Johansson, a board member and spokesperson for Haldex, also believes that the company's vision will be even better after working with ZF: "ZF is highly competitive in electronics and software R&D, with its factories and R&D centers and customer relationships Globally, this provides huge growth potential for Haldex, which will continue to develop new brake systems and expand existing product lines."
The acquisition is subject to certain restrictions, including the need to purchase 90% of the Haldex liquid shares and the European antitrust authorities for approval. It is reported that if it is successful, the transaction will be approved by the relevant departments in a short period of time.
Since 2014, ZF has continuously enhanced its product line coverage through various mergers and acquisitions, and is also continuously consolidating its influence in the industry. The risk of intensive M&A is not small, which shows the determination and confidence of ZF to establish its business strategy. In 2015, the successful acquisition of Trina achieved a strong alliance, and the acquisition of 40% of Ibea's shares is to accelerate the layout of the autonomous driving field. Now it has acquired Haldex to expand its competitiveness in the commercial transmission and braking fields. With the deepening of mergers and acquisitions, ZF can make full use of the factory, customer network and R&D resources to achieve linkage effect. Soon we will see a completely different ZF. Perhaps this is the charm of today's auto industry development. Maybe you don't pay attention to this for a few days. The industry will find that the industry landscape has undergone tremendous changes.