Honigman Advises ZF Friedrichshafen AG on 1.5 Billion Euro Sale of its Advanced Driver Assistance Systems Business to Harman International

Honigman recently served as U.S. counsel to ZF Friedrichshafen AG, a global technology company and supplier of mobility systems for passenger cars, commercial vehicles, and industrial technology, on the carve-out and sale of its Advanced Driver Assistance Systems (ADAS) business unit to Harman International, engineer and manufacturer of audio, video and lighting products.

The enterprise value agreed upon is €1.5 billion. The transaction is anticipated to close in the second half of 2026, subject to the necessary regulatory approvals.

A Honigman deal team led by Partners Matthew R. VanWasshnova, Nicholas E. Voran, and Tyler D. Schofield and Associate George M. Cobane, with support from Partners Andrew J. Boes, Jennifer L. Muse, Kenneth W. Vermeulen, Sarah L. Bishara, and Thomas J. Appledorn and Associates Bishara (Bryan) I. El-Ary and Brian Sarnacki, advised ZF on the transaction.