Legal DealFolio - TRW Automotive Purchase of ZF Friedrichshafen

Clifford Chance advised the sole shareholders of transmission systems producer ZF Friedrichshafen AG (ZF), the two foundations Zeppelin-Stiftung der Stadt Friedrichshafen and Dr. Jurgen und Irmgard Ulderup Stiftung, on the acquisition by ZF of TRW Automotive (TRW), a US-based supplier to the automotive industry. The purchase price amounts to 12.4 billion US dollars. The transaction is subject to various conditions precedent, such as clearance being given by the relevant merger authorities. Both companies are well established in strongly growing market segments which benefit from the megatrends such as fuel efficiency, increased safety requirements and autonomous driving. ZF is a technology group specialising in driveline and chassis technology and the most advanced driver assistance systems. ZF's head office will remain in Friedrichshafen. TRW will be integrated into ZF as a separate division. With total revenues of approximately 41 billion US dollars and 138,000 employees, the consolidated company will rank among the leading automotive suppliers worldwide. The Clifford Chance team was led by partner Dr. Andreas Dietzel and comprised partners Dr. Wolfgang Richter and Dr. Frank Scholderer, counsel Dr. Jorg Rhiel (all Corporate) and counsel Albrecht von Graevenitz (Corporate/Antitrust), all based in Frankfurt.

Deal Date:	19-09-2014	Practice Area:	Corporate and M&A
Deal Title:	TRW Automotive Purchase of ZF Friedrichshafen	Industry:	Automobiles & Parts
Description:	Clifford Chance advised the sole shareholders of transmission systems producer ZF Friedrichshafen AG (ZF), the two foundations Zeppelin-Stiftung der Stadt Friedrichshafen and Dr. Jurgen und Irmgard Ulderup Stiftung, on the acquisition by ZF of TRW Automotive (TRW), a US-based supplier to the automotive industry. The purchase price amounts to 12.4 billion US dollars. The transaction is subject to various conditions precedent, such as clearance being given by the relevant merger authorities. Both companies are well established in strongly growing market segments which benefit from the megatrends such as fuel efficiency, increased safety requirements and autonomous driving. ZF is a technology group specialising in driveline and chassis technology and the most advanced driver assistance systems. ZF's head office will remain in Friedrichshafen. TRW will be integrated into ZF as a separate division. With total revenues of approximately 41 billion US dollars and 138,000 employees, the consolidated company will rank among the leading automotive suppliers worldwide. The Clifford Chance team was led by partner Dr. Andreas Dietzel and comprised partners Dr. Wolfgang Richter and Dr. Frank Scholderer, counsel Dr. Jorg Rhiel (all Corporate) and counsel Albrecht von Graevenitz (Corporate/Antitrust), all based in Frankfurt.
Financial Center:	Frankfurt	Value:	5000.01-10000.00
Advised Party:	Vendor	Law Firm	Clifford Chance
Target Company Jurisdiction:	Germany	Acquiror Jurisdiction:	United States
Classification:	Strategic Buyer Acquisitions Private Company	Lawyer	Andreas Dietzel

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers