TRW Automotive Archives

ZF Aftermarket: A “new pacesetter” for the automotive aftermarket

Thanks to the accelerated integration of TRW, which was completed in just 14 or so months, ZF is moving forward as a cohesive aftermarket business, supplying global customers and partners with OE-quality products and services from its Lemförder, TRW, Boge, and Openmatics brand portfolio. The growing importance of the aftermarket sector has led ZF to bundle its activities in this area into a new division – ZF Aftermarket was created on 1 January and is now the second-largest supplier of parts, services and solutions in the global automotive aftermarket.

TRW to open three new plants in China

By the end of next year, TRW Automotive Holdings Corp. intends to have opened three further plants in China. Two of these facilities will be located on the same site in Zhanghjiagang, Jiangsu province; the first, a factory dedicated to braking, will start operations at the end of the second quarter of 2015, while a November 2015 start is planned for the other, an occupant safety systems facility. The third plant is located in Xian and is also an occupant safety systems factory. It should be operational by the third quarter of 2016.

ZF acquires TRW Automotive, sells steering system business

Company News, Premium

A new “heavyweight” in the automotive components sector has been created today with the acquisition of TRW Automotive Holdings Corp. by ZF Friedrichshafen AG. TRW announced that it has entered into a definitive agreement with ZF Friedrichshafen, which will see all outstanding TRW shares acquired for US$105.60 per share in an all-cash transaction valued at approximately $13.5 billion. The announcement that TRW is changing hands followed a separate statement from ZF Friedrichshafen announcing the sale of its 50 per cent share in the ZF Lenksysteme GmbH joint venture to partner Robert Bosch GmbH for an undisclosed sum; this transaction is said to have been made to satisfy antitrust requirements prior to the acquisition of TRW.

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15th September 2014/by Tyrepress Editors

Jumbo merger in automotive components sector?

Company News

It appears Germany’s ZF Friedrichshafen may be looking to acquire US-based automotive parts supplier TRW Automotive Holdings Corp. A statement issued by TRW Automotive yesterday confirms that it “received a preliminary, non-binding proposal to acquire the company,” however the statement didn’t go beyond saying it was evaluating the proposal. TRW Automotive did not give any details about the interested party; Bloomberg named ZF Friedrichshafen based upon information it says comes from people with knowledge of the matter.

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