Leading technology company and systems supplier for passenger cars, commercial vehicles and industrial technology, ZF, on Monday announced the successful start of its new Commercial Vehicle Solutions (CVS) division with effect from January 1, 2022.
The newly formed division is supported by around 25,000 employees based across 61 locations in 28 countries.
According to a communication from the company, the new division combines ZF’s expertise in the commercial vehicle industry and will significantly advance solutions for safe, sustainable and digitised 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.
Wilhelm Rehm, Member of the ZF Board of Management with responsibility for the new division, said, “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. In line with our ‘Next Generation Mobility’ corporate strategy, CVS will accelerate ZF’s global growth strategy.”
P Kaniappan will be leading the CVS business in the key growth market of India as Head of CVS India. He said, “As CVS India, our vision is to help shape the future of commercial transport systems in India. By leveraging synergies with the ZF group, we are uniquely positioned to offer the next generation of solutions and services for commercial vehicles and fleets in India and the world. We will support to make them more efficient, safe, connected, intelligent and automated. Under the umbrella of ZF’s Vision for Next-Generation Mobility, we will leverage our capability to innovate, integrate and advance CV vehicle controls systems and set the pace to address the challenges of the commercial transportation industry in India, thereby creating sustainable value for our customers, employees and stakeholders. By mobilising commercial vehicle intelligence, we contribute to our ‘Next Generation Mobility’ corporate strategy.”