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Autoliv Plans Split into Two Companies
Autoliv Inc. says it intends to turn its Passive Safety and Electronics business units into two independent companies.
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Autoliv Inc. says it intends to turn its Passive Safety and Electronics business units into two independent companies.
Autoliv has been reporting results for the two units separately since the beginning of last year. If approved, the plan to set them up as independent entities would take about one year to implement, according to the company.
Autoliv’s Electronics business includes radar, camera, night vision, restraint control and brake systems. The company predicts the overall market for such products will double to $40 billion by 2025. Last year Autoliv’s Electronics group generated $2.2 billion in revenue. Its sales target for 2020 is $3 billion.
The Passive Safety unit consists of airbags, seatbelts and steering wheels. Autoliv expects the global market for those devices will expand 25% to $25 billion by 2025. The unit’s revenue totaled $7.9 billion in 2016 and is expected to exceed $10 billion by 2020, according to the company.
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