ZF Group Unveils ZF LIFETEC In Strategic Rebranding Of Passive Safety Division

In a significant move within the automotive industry, ZF Group has unveiled the rebranding of its Passive Safety Systems division to ZF LIFETEC. This change marks a pivotal moment in the ongoing legal separation of the division, signaling a new era of strategic independence and growth. In 2023, the division reported impressive sales figures, reaching approximately €4.7 billion, underlining its status as a leading provider in the passive safety market.

Dr. Holger Klein, CEO of ZF Group, highlighted the division's exceptional development and the strategic advantages of becoming a standalone brand. "ZF LIFETEC gains the strategic scope to further accelerate sales growth and profitability," he stated. The rebranding is not just a name change but a step towards leveraging automotive industry megatrends and stricter safety regulations to drive growth.

Dr. Martin Fischer, Member of the Board of Management responsible for the Passive Safety Systems division, emphasized the rebranding as a clear indication of the division's independent positioning and ambitions. Rudolf Stark, Head of ZF Passive Safety Systems, echoed this sentiment, pointing out that ZF LIFETEC's mission is intertwined with saving lives through technology-driven solutions.

The carve-out process initiated in October 2022 has provided ZF LIFETEC with more strategic flexibility for future development, aiming for increased sales and profitability. With a global presence across 46 locations in 18 countries and holding over 20 percent market share in its core product categories, ZF LIFETEC stands on solid ground. Its extensive product range includes inflatable restraint systems, steering wheel systems, and seat belt systems catering to a wide spectrum of vehicles from volume segment cars to luxury vehicles.

ZF LIFETEC's success is built on strong relationships with a diversified customer base of global OEMs, underscored by outstanding quality and R&D collaborations. The company's robust global innovation platform positions it well for future growth opportunities in a market less affected by shifts in the automotive industry.

ZF Group is a global technology company known for supplying advanced mobility products and systems across various sectors including passenger cars, commercial vehicles, and industrial technology. With a workforce of approximately 168,700 employees worldwide and operations in 31 countries, ZF Group achieved sales of €46.6 billion in fiscal 2023. The company's commitment to reducing emissions, protecting the climate, and enhancing safe mobility continues to drive its success in the automotive sector and beyond.

For more information on ZF LIFETEC and its offerings, visit www.zf.com.