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News & Press: European News

APRA member ZF Friedrichshafen acquires APRA member TRW Automotive

Wednesday, September 24, 2014  
Posted by: Kendall Parker
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ZF Friedrichshafen press release - 15.09.2014 

ZF Friedrichshafen Agrees to Acquire TRW Automotive 

Combined Company With Pro Forma Sales of More Than € 30 Billion and 138,000 Employees
Complementary Portfolio of Acknowledged Products and Technologies Benefitting from Megatrends Such as Fuel Efficiency, Increased Safety Requirements and Autonomous Driving
Balanced Regional and Customer Portfolio in Both Volume and Premium Segments
All Cash Transaction at Full and Certain Value for TRW Stockholders

Friedrichshafen - Germany and Livonia, MI, USA. ZF Friedrichshafen AG and TRW Automotive Holdings Corp. (NYSE: TRW) today announced that they have entered into a definitive agreement under which ZF will acquire TRW. The combined company will be a global leader in the automotive supplier business with pro forma combined sales of about € 30 billion (approx. US$ 41 billion) and 138,000 employees. Together, ZF and TRW will be uniquely positioned to benefit from the megatrends of the automotive industry on a global basis.

Combination of two Highly Successful Technology Leaders
Both companies have acknowledged technology positions in high-growth segments that profit from the megatrends towards fuel efficiency, increased safety requirements and autonomous driving. ZF is an important player in driveline and chassis technologies, whereas TRW is a significant supplier of active and passive safety technologies, including advanced driver assistance systems. Both companies have demonstrated a strong track record based on high product quality.

 

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