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ZF Buys TRW, Becomes World’s Second Largest Auto Parts Manufacturing Company

The automotive parts industry has been rocked by a Comcast – TWC type merger that will shift the landscape of the largest auto parts makers in the world. ZF Friedrichshafen AG, a German company based in Friedrichsafen, completed the purchase of the American auto part manufacturer TRW Automotive Holding Corporation several weeks ago for $11.7 billion plus debt. TRW, whose biggest customer is Volkwagen AFG, reported annual sales of 17.4 billion in 2013. ZF, who previously held the #9 spot on the largest auto parts makers list, will make the jump to number 2 with this deal. The deal was a highly needed move for ZF as they were feeling the pressure of much more competitive prices from bigger companies such as Denso, Bosch, and Continental.

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