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ZF Friedrichshafen AG completes acquisition of TRW

time:2015-10-09 browse:8392次

On September 15, 2014, ZF Friedrichshafen AG announced that it had concluded a merger and acquisition transaction with TRW Automotive Holdings. . The transaction was officially completed on May 15, 2015 after the transaction passed the review of the antitrust agency.

Comment: The merger between ZF and TRW is the largest merger in the auto parts industry in the past 10 years. After the two are fully integrated, ZF will form the world's second-largest parts giant with TRW, second only to Bosch, and employ 138,000 people. In order to pass the antitrust review, ZF divested its steering gear business and sold it to joint venture partner Bosch. The transaction is not only unprecedented in scale, but also has a profound impact on the industry.

Related reports are as follows:

ZF completes acquisition of TRW New Giant

ZF acquires U.S. approval for TRW transaction or closes this month

ZF's $ 13.5 billion acquisition of TRW is approved by shareholders

ZF's $ 13.5 billion acquisition of TRW new giant second in global scale