M&A Deal Summary

ZF Friedrichshafen AG Acquires ZF TRW Automotive Holdings

On September 15, 2014, ZF Friedrichshafen AG acquired automotive company ZF TRW Automotive Holdings for 13.5B USD

Acquisition Highlights
  • This is ZF Friedrichshafen AG’s 1st transaction in the Automotive sector.
  • This is ZF Friedrichshafen AG’s largest (disclosed) transaction.
  • This is ZF Friedrichshafen AG’s 1st transaction in the United States.
  • This is ZF Friedrichshafen AG’s 1st transaction in Michigan.

M&A Deal Summary
Date 2014-09-15
Target ZF TRW Automotive Holdings
Sector Automotive
Buyer(s) ZF Friedrichshafen AG
Deal Type Add-on Acquisition
Deal Value 13.5B USD
Advisor(s) Goldman Sachs (Financial)
Simpson Thacher & Bartlett (Legal)

Target

ZF TRW Automotive Holdings

Livonia, Michigan, United States
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.

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Buyer(S) 1

Buyer

ZF Friedrichshafen AG

Friedrichshafen, Germany
Category Company
Founded 1915
Sector Automotive
DESCRIPTION

ZF Friedrichshafen AG provides driveline and chassis technologies.

DEAL STATS #
Overall 2 of 7
Sector (Automotive) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Michigan) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-29 ZF Wind Power Antwerpen NV

Lommel, Belgium

ZF Wind Power Antwerpen NV produces global wind turbine gearbox and industrial gearbox designer, manufacturer and supplier, with a leading position (by MW supplied) in the wind turbine gearbox market.

Buy £445M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-21 Cherry

Auerbach, Germany

Cherry is a manufacturer of computer input devices with a focus on office, gaming, industry, security, e-health solutions, and switches for mechanical keyboards. Cherry was founded in 1953 and is based in Auerbach, Germany.

Sell -
Mergr

Product

Company

Legal