UK hedge fund Laxey Partners plans to revise strategic options for Switzerland-based textile machinery and car parts company Saurer, in which it is the largest shareholder.

Laxey will revise the firm's outlook if its requested board change goes ahead, said legal advisor to Laxey, Urs Schenker, in an interview with AFX news.

The company is mulling a number of possibilities which could include a share split to make two separate firms, according to Schenker.

"Another option would be to take on new capital and push both divisions forward," he told AFX.

Saurer could also consider a sale of one of its units, said Schenker, who added that selling the textile division was probably more likely " given its stronger market position and size".

Laxey last week pushed for an EGM and boardroom clearout.