ZF
EC approves EUR 13.5 bn acquisition of TRW Automotive / Divestment of chassis component businesses to satisfy antitrust concerns
The European Commission has approved the EUR 13.5 bn acquisition of global automotive component manufacturer TRW Automotive (Livonia, Michigan / USA; www.trwauto.com) by rival automotive supplier ZF Friedrichshafen (Friedrichshafen / Germany; www.zf.com) under EU merger regulations. The companies agreed the acquisition in September 2014 – see Plasteurope.com of 18.09.2014.
The approval is conditional on the divestment of TRW’s businesses in the design, manufacturing and sale of chassis components. ZF has made commitments to address concerns that the deal could have led to price increases for car and truck chassis components because the few remaining players in this market would have been unable to sufficiently constrain the merged company.
The approval is conditional on the divestment of TRW’s businesses in the design, manufacturing and sale of chassis components. ZF has made commitments to address concerns that the deal could have led to price increases for car and truck chassis components because the few remaining players in this market would have been unable to sufficiently constrain the merged company.
23.04.2015 Plasteurope.com [230981-0]
Published on 23.04.2015
German version of this article...