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Industrial Products India, Industrial Manufacturers & Suppliers
 




 
   
 
 
 

ZF Friedrichshafen Agrees to Acquir

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 Ef-ficiency, 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 Frie-drichshafen 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 com-pany 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 Zoomlion TCT7527-20 flat top tower crane under operation at NCC Thermal Power Plant, Nellore Zoomlion TCT7527-20 flat top tower crane used to construct one of India's Largest Cooling Towers at NCC Thermal Power Plant, Nellore-2 C M Y K K NEWS UPDATE NEWS UPDATE NEWS UPDATE September 2014 ◆ PURCHASE 167 TRW will be uniquely positioned to benefit from the megatrends of the automo-tive 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 effi-ciency, 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 and continued innovation for their customers. Globally, pro-forma combined R&D investments (total company funded engineering expenses incl. R&D, ref. to FY 2013) will amount to approximately 1.5 billion (about US$ 2.1 billion), mak-ing ZF a global leader in R&D. Stefan Sommer, Chief Executive Officer of ZF, said: The acquisi-tion of TRW fits perfectly into our long-term strategy. The transac-tion combines two highly successful companies that have remark-able track records of innovation and growth and solid financial po-sitions. We are strengthening our future prospects by enlarging our product portfolio with acknowledged technologies in the most at-tractive segments. Sommer continued: This is an acquisition in the spirit of a part-nership. We look forward to welcoming TRWs employees to our company and are committed to working closely with them to real-ize the potential of this exciting combination. The Detroit metro area will

 
     
 
   
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