While the Engineered Fasteners and Components business was successful and profitable, ZF is primarily concentrating on the growth of its core businesses in advanced safety, efficiency, electrification and the further development of automated driving.
ETAuto | Jul 05, 2016, 12.25 PM IST
FRIEDRICHSHAFEN/LIVONIA: German automotive component manufacturer ZF Friedrichshafen has completed the sale agreement of its global Engineered Fasteners and Components business to Illinois Tool Works (ITW) for approximately $450 million.
The business was part of ZF TRW, the Active and Passive Safety Technology Division of ZF Friedrichshafen AG.(…)
via ZF completes sale of Fasteners and Components business for $450 mn | ET Auto.