TRW Automotive US on Friday said it had acquired Michelin North America’s stake in the EnTire Solutions joint venture.
Go deeper with GlobalData
TRW and Michelin established the JV in 2003 to develop and manufacture direct tyre pressure monitoring systems. Terms of the transaction were not disclosed.
TRW Automotive said it acquired the stake as part of its commitment to develop its portfolio of electronics systems.
Electronics unit chief Ed Carpenter said: “This has been a successful partnership. TRW and Michelin have combined their respective expertise in electronics and tyres to develop direct pressure monitoring systems that are recognised for their performance characteristics in the industry.
“TRW is committed to developing this business in a growing market. We will continue to develop the technology as a natural fit within our global electronics operations.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
