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EU: German ZF $13.5 billion merger gets green light

By  |  March 12, 2015

German car parts maker ZF Friedrichshafen secured European Union antitrust clearance on Thursday for its proposed $13.5 billion takeover of TRW Automotive Holdings Corp after agreeing to sell the U.S. peer’s chassis components unit.

ZF, which supplies chassis components to Audi, BMW and others, wants to boost its presence in the potentially lucrative self-driving car market via the deal.

The European Commission said the sale of TRW’s chassis components unit, including plants, intellectual property rights and supply contracts, would remove the overlap between the two companies in this area.

 

Full Content: The Wall Street Journal

 

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