ZF Friedrichshafen Acquires TRW Automotive

ZF Friedrichshafen Acquires TRW Automotive

ZF Friedrichshafen AG has agreed to acquire TRW Automotive Holdings Corp. The combined company will have pro forma combined sales of approximately $41 billion and 138,000 employees.

 

ZF produces driveline and chassis technologies, whereas TRW is a supplier of active and passive safety technologies, including advanced driver assistance systems.

“The acquisition of TRW fits perfectly into our long-term strategy. The transaction combines two highly successful companies that have remarkable track records of innovation and growth and solid financial positions,” said Stefan Sommer, chief executive officer of ZF. “We are strengthening our future prospects by enlarging our product portfolio with acknowledged technologies in the most attractive segments.”

ZF will remain headquartered in Friedrichshafen. TRW will be integrated into ZF as a separate business division.

“We look forward to welcoming TRW’s employees to our company and are committed to working closely with them to realize the potential of this exciting combination. The Detroit metro area will remain a major business center for the company, and we expect employees from both companies to benefit from the enhanced career opportunities at a larger, more diversified company,” added Sommer.

     

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