The Car and Truck Fleet and Leasing Management Magazine

U.S. Government Clears Acquisition of TRW Automotive

May 11, 2015

TRW Automotive Holdings Corp. announced that the U.S. Federal Trade Commission (FTC) cleared the proposed acquisition by ZF Friedrichshafen AG (ZF) of TRW Automotive Holdings Corp. (TRW).

The FTC’s clearance is subject to certain conditions, which ZF has agreed to undertake following completion of the proposed acquisition, including the sale of TRW’s Linkage and Suspension business that is currently underway. Subject to the receipt of antitrust approval in Mexico, which the parties expect to obtain shortly, and the satisfaction of other customary closing conditions, ZF’s proposed acquisition is expected to close later this month, according to TRW.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Up Next

More From The World's Largest Fleet Publisher