ZF Presents Itself as One Company at IAA
Author(s): City Air NewsAround two and a half years after the takeover of TRW Automotive in May 2015 and well ahead of schedule, ZF Friedrichshafen AG has largely completed the integration of the US Company. Reinforced by its new claim...
cityairnews
Sep 12, 2017 12:30
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Around two and a half years after the takeover of TRW Automotive in May 2015 and well ahead of schedule, ZF Friedrichshafen AG has largely completed the integration of the US Company. Reinforced by its new claim "see. think. act.", ZF now offers a broad portfolio of intelligent mechanical systems which can address the challenges of future trends including digitalization, electromobility and autonomous driving.
Approximately two and a half years after acquiring the US Company TRW Automotive, ZF is now presenting itself as one company. "Originally, we planned three to five years for the integration, so we're delighted we've done even better than expected," says ZF CEO Dr. Stefan Sommer. "I want to thank everybody involved for the great commitment they put into the integration process. This was a major factor for success, as well as the readiness of our employees to join us on this journey."
Sommer emphasized that the takeover of TRW was a key move in preparing ZF for the future of digitalization and autonomous driving: "TRW's expertise in occupant safety and electronics as well as steering and braking technology ideally complement our existing portfolio and help to develop it going forward. The acquisition was the building block for our Vision Zero Ecosystem - a constantly growing network of cooperation partners. It allows customers to profit from our expertise as a systems supplier."
In line with its ‘Best of Both’ approach, ZF identified synergies between the two organizations to create competitive structures as one united organization. ZF Aftermarket has successfully been operating as a combined organization since January 2017. At the same time, ZF has significantly boosted profits and is be able to repay the acquisition debt earlier than planned. The company expects sales this year to exceed EUR 36 billion.
As a visual expression of the near-complete integration, ZF is unveiling a new corporate design at IAA. Going forward, all divisions will be represented consistently under the ZF name.
