Page 40 - TBN-2014-6

ZF Friedrichshafen to Acquire TRW Automotive
ZF Friedrichshafen AG and TRW Automotive Holdings Corp (TRW) announced that they had entered into a definitive agreement under which ZF would acquire TRW. The combined company would be a global leader in the automotive supplier business with pro forma combined sales of about €30 billion (about US$41 billion) and 138,000 em- ployees. Together, ZF and TRW would be uniquely positioned to benefit from the megatrends of the automotive industry on a global basis.
Both companies had acknowledged technology positions in high-growth segments that profited from the megatrends to- wards fuel efficiency, increased safety requirements and au- tonomous driving. ZF was an important player in driveline and chassis technologies, whereas TRW was a significant supplier of active and passive safety technologies, including advanced driver assistance systems. Both companies had demonstrated a strong track record based on high product quality and con- tinued innovation for their customers.
Globally, pro forma combined R&D investments (total com- pany funded engineering expenses including R&D, FY 2013) would amount to approximately €1.5 billion (about US$2.1 bil- lion), making ZF a global leader in R&D.
Stefan Sommer, Chief Executive Officer of ZF, said: “The ac- quisition of TRW fits perfectly into our long-term strategy. The transaction combines two highly successful companies that have remarkable track records of innovation and growth and solid financial positions. We are strengthening our future pros- pects by enlarging our product portfolio with acknowledged technologies in the most attractive segments.”
John C. Plant, Chairman and CEO of TRW, said: “We have long respected ZF as a very successful company in our indus- try with similar values and focus on innovation. This transaction provides significant benefits for our shareholders who will re- ceive a full and certain value for their shares, as well as for our employees, customers and communities, all of which will reap the benefits of being part of a larger, more diversified global organisation. Our employees have shown admirable dedication in growing TRW into the formidable company it is today, and our strong performance is a testament to their hard work.”
ZF would remain headquartered in Friedrichshafen. TRW would be integrated into ZF as a separate business division. No decisions about management responsibilities for the TRW business had been made yet. The companies planned to es- tablish integration teams consisting of balanced representa- tion from both companies to ensure a seamless integration that positioned the combined company for accelerated growth while addressing potential challenges for employees and cus- tomers. Due to the complementarity of the two companies the main focus would be on growth while cost synergies were ex- pected to be mainly derived from greater purchasing power and sharing best practice standards.
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Stefan Sommer, Chief Executive Officer of ZF
ZF Friedrichshafen 将收购TRW汽车
ZF Friedrichshafen 公司和TRW汽车控股公司已经 达成ZF将收购TRW的协议。两者整合之后的新公司 将成为全球领先的汽车供应商，预计两公司结合 的销售额高达300亿欧元(约410亿美元)和拥有高达 138，000 名的员工。ZF和TRW将因此共同取得独特的地 位，从全球汽车的大趋势中获利。
两家公司承认他们将从高成长领域如燃油效益、提高的 安全要求和车辆自动驾驶的技术地位中获益。ZF是主要 的动力传动系统和底盘技术制造商，而TRW则是主动和 被动安全方面的重要供应商，包括先进的驾驶辅助系 统。两家公司都拥有以高品质产品为基础的良好业绩记 录和为客户提供持续的创新。
全球预估的结合研发投资(2013财政年，公司所资助的 工程费用包括研发，FY2013)的总数为接近150亿欧元 (约21亿美元)，使ZF成为全球的研发领袖。
ZF首席执行长索姆尔(Stefan Sommer)表示:“TRW的 收购完全符合我们的长期策略。此交易结合了在创新和 成长方面拥有良好记录，以及稳健财务状况的两大成功 公司。我们通过最受欢迎的受认可技术扩大产品组合， 巩固我们的未来前景。”
TRW总裁兼首席执行员奔兰(John C. Plant) 表示:“ 我们一直以来都极其尊重ZF这家和我们同样重视研发价 值，在我们这个行业里相当成功的公司。我们的股东将 从这个交易中获得公平的回报。我们的员工、客户和相 关利益团体将在此项并购中获益，成为更大、更多元化 的全球行业巨头的一部份。我们员工的奉献和投入，使 TRW能够成长为今天如此强大的公司，公司的强劲表现 就是他们努力的证明。”
ZF的总部将继续设于腓特烈港(Friedrichshafen) ，TRW则将成为ZF集团的旗下部门，并独立运作。有关 TRW业务的管理权方面，ZF则仍未有决定。该公司计划 设立一个拥有双方均衡代表的整合团队，确保一个无缝 的整合，在面对潜在的员工和客户问题之余，加速该 联合公司的成长。 由于互补性，两家公司的重点是成 长，而成本的协作预期将来自更大的采购权利和分享最 好的实践标准。
CEasia-Cometto.ai 1 26/11/2014 10:09:11