View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 9, 2015

GERMANY: Federal-Mogul completes TRW engine parts purchase

Federal-Mogul Powertrain says it has bought TRW's ownership shares in two engine components joint ventures, completing its acquisition of TRW's Engine Components business.

Federal-Mogul Powertrain says it has bought TRW’s ownership shares in two engine components joint ventures, completing its acquisition of TRW’s Engine Components business.

The operation, headquartered in Barsinghausen, Germany, employs nearly 4,000 people globally.

“We are pleased to complete the acquisition of TRW’s engine components business, which strengthens Federal-Mogul Powertrain’s market position as a leading developer and supplier of core engine components,” said Federal-Mogul Powertrain and Co-CEO, Rainer Jueckstock.

“It’s been several months since we acquired the majority of the business and today completes the process with the addition of the valvetrain operations in Tennessee and Thailand.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto