WiredInUSA March 2016

INDEX

Illinois Tool Works (ITW) will acquire ZF TRW’s fasteners and components division for around $450 million. ITW anticipates that the deal, expected to close in the first half of this year, will result in a slight increase in per-share earnings in the first year of ownership. ZF TRW was formed by ZF Friedrichshafen AG’s acquisition of TRW Automotive Holdings Corporation in 2015, creating the world’s second-largest automotive supplier by sales.

Fasteners firm acquisition

23 23

wiredInUSA - March 2016