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