In the same day , the ZF executives disclosed that the company also plans to further mergers and acquisitions expansion. ZF CEO Stefan Sommer said recently that the company may also launch more mergers and acquisitions in the industrial and truck parts sector, but the scale is unlikely to reach TRW.
Faced with the broad prospects for active safety, driverless technologies and other technologies, parts suppliers are also increasingly under pressure to develop advanced components. TianPai CEO John Plant (JohnPlant) said: "This complex equipment requires a lot of engineering resources. There are very few companies that can bear this burden now and in the future."
On September 15th, ZF and TRW reached a final merger agreement with a total transaction amount of up to 13.5 billion U.S. dollars. After the merger, the new company will surpass Continental and Denso and become the second largest component supplier in the world, second only to Germany. Bosch Group.
Tianhe has a deep accumulation of active safety systems that help drivers avoid crashes. This is precisely what ZF lacks. After the merger of the two companies, their scale, products and technology will rise to a new level and they will be able to meet the demand for safety components, fuel-saving and emission reduction systems.
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