ZF's acquisition of TRW's U.S. approved deal or completion in May
ZF’s acquisition of TRW has been approved by the US Fair Trade Commission (FTC) and the transaction is expected to be completed later in May 2015. In its statement, the FTC stated that in order to prevent the combined ZF/Texcom operation monopoly in North America, Tianhe was required to spin off its North American and European connection and suspension operations, including TRW in Michigan, Canada and Czech Republic. A total of five factories in Germany and a laboratory rented in Germany. Tianhe stated that ZF has agreed to spin off related businesses and is currently in progress. At the end of April, TRW announced that it had signed a definitive agreement with Japan's component maker THK to sell its suspension business to the latter. The transaction amounted to USD 400 million and it is expected to complete the transaction by the end of the third quarter of this year. At present, ZF's acquisition of TRW is still waiting for a 30-day public comment, and the FTC will decide whether to finally approve the transaction. With the approval of the FTC, TRW is expected to soon be able to pass the approval of the Mexican antitrust agency.
processing industry and many other industries heating.
Related Products:hot water supply boiler,steam generating boiler,heat conduction oil furnace.
Industrial Electric Boiler Industrial Electric Boiler,Energy Saving Industrial Electric Boiler,High Voltage Industrial Electric Boiler,Industrial Hot Air Heater Dalian Transen Technology Co.,Ltd. , http://www.transen-china.com
heating storage equipment can provide hot water (<85℃),hot air (<400℃),heat conduction
oil(<300℃) and high temperature steam (100~200℃).
The boiler is widely used in printing drying industry, painting industry , food
