M&A Deal Summary

ITW Acquires ZF TRW - Engineered Fasteners and Components business

On January 25, 2016, ITW acquired automotive company ZF TRW - Engineered Fasteners and Components business from ZF TRW Automotive Holdings for 450M USD

Acquisition Highlights
  • This is ITW’s 2nd transaction in the Automotive sector.
  • This is ITW’s 3rd largest (disclosed) transaction.
  • This is ITW’s 3rd transaction in Germany.

M&A Deal Summary

Date 2016-01-25
Target ZF TRW - Engineered Fasteners and Components business
Sector Automotive
Buyer(s) ITW
Sellers(s) ZF TRW Automotive Holdings
Deal Type Divestiture
Deal Value 450M USD

Target

ZF TRW - Engineered Fasteners and Components business

Germany
ZF TRW - Engineered Fasteners and Components business (EF&C) is a provider of automotive components.

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Buyer(S) 1

Buyer

ITW

Glenview, Illinois, United States

website


Category Company
Founded 1912
Sector Manufacturing
Employees46,000
Revenue 15.9B USD (2022)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.


DEAL STATS #
Overall 47 of 48
Sector (Automotive) 2 of 2
Type (Divestiture) 5 of 6
Country (Germany) 3 of 3
Year (2016) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Signode Industrial Group

Glenview, Illinois, United States

Signode Industrial Group, Inc. is a global manufacturer of steel and plastic strapping, stretch film and the application equipment and accessory products for each. Signode is the world's leading supplier of transit packaging systems and solutions, which consist of strap, stretch and protective packaging consumables and the application equipment and tooling for each. Based in Glenview, Illinois, Signode's global footprint includes operations in 40 countries across 6 continents, with sales to customers in approximately 60 countries.

Sell $3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 NewBold Technologies

Greenville, South Carolina, United States

NewBold Technologies is a Managed Services Provider specializing in managed services and technology solutions that aid organizations with the deployment, integration, and execution of technology infrastructures and support. NewBold Technologies is based in Greenville, South Carolina.

Sell -

Seller(S) 1

SELLER

ZF TRW Automotive Holdings

Livonia, Michigan, United States

website


Category Company
Sector Automotive
Revenue 16.2B USD (2013)
DESCRIPTION

ZF TRW Automotive is a supplier of automotive systems, modules and components. The company focuses on safety-related products and its business lines are braking and steering, occupant safety systems, and engine valves, fasteners, and body control systems. ZF TRW Automotive is based in Livonia, Michigan.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Divestiture) 2 of 2
Country (Germany) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-02 Clarkwood Industries

Cleveland, Ohio, United States

Clarkwood Industries, the cast aluminum piston based at Cleveland, Ohio. The plant offers casting machining, welding and assembly. Clarkwood Industries is based in Cleveland, Ohio.

Sell -