TRW Automotive Acquires Michelin Share in EnTire JV

On January 15 Michelin North America’s stake in the EnTire Solutions joint venture was acquired by TRW Automotive Holdings subsidiary, TRW Automotive US LLC, for an undisclosed sum. TRW Automotive says it has acquired the share as part of the company’s commitment to develop its portfolio of electronics systems.

The joint venture was established by TRW and Michelin in 2003 to develop and manufacture direct tyre pressure monitoring systems. “This has been a successful partnership,” commented Ed Carpenter, vice president of TRW Automotive’s Electronics business. “TRW and Michelin have combined their respective expertise in electronics and tyres to develop direct tyre pressure monitoring systems that are recognised for their performance characteristics in the industry.

“TRW is committed to developing this business in a growing market. We will continue to develop the technology as a natural fit within our global electronics operations,” Carpenter added. TRW states that it will work together with Michelin to assure a smooth transition period.