Does ZF own TRW?

German auto supplier ZF Friedrichshafen AG said today that it has completed its $12.4 billion acquisition of safety systems supplier TRW Automotive Holdings Corp. TRW will operate as a division under ZF called active and passive safety technology.

What does ZF TRW do?

ZF-TRW Automotive, headquartered in Livonia, Michigan USA operations primarily surrounding the design, manufacture and sale of safety systems. It operated approximately 200 facilities with 66,100 employees in 26 vehicle-producing countries.

When did ZF buy TRW?

September 15, 2014
On September 15, 2014, ZF and TRW signed a Merger Agreement for the acquisition of TRW by ZF.

Is TRW now ZF?

The takeover was completed on the 15th May 2015, and TRW Automotive now operates as part of ZF Friedrichshafen AG, as Division ‘Active & Passive Safety Technology’.

Is ZF a big company?

Company Profile ZF is a global technology company and supplies systems for passenger cars, commercial vehicles and industrial technology, enabling the next generation of mobility. The company has a global workforce of 153,500 with 271 locations in 42 countries. In 2020, ZF achieved sales of €32.6 billion.

Is TRW German?

It was created in 2002 when the aerospace company Northrop Grumman purchased TRW and sold its automotive division to Blackstone Group. In 2015, TRW Automotive was acquired by German ZF Friedrichshafen and subsequently renamed ZF TRW Automotive Holdings Corp prior to being incorporated into ZF from 2016.

What is the meaning of TRW?

TRW