ZF Friedrichshafen AG has become one of the world's top three automotive suppliers with the acquisition of TRW Automotive. The company has brought together the strengths of its former separate enterprises since the closing completed on May 15, 2015. Approximately 134,000 employees at around 230 locations worldwide generated pro forma sales in excess of EUR 30 billion in 2014. ZF operates in some 40 countries worldwide and, in addition to Europe, has a particularly strong presence in the growth regions of North America and Asia-Pacific.
"With the integration of TRW, ZF is making inroads into new product segments and can extend its portfolio as a multinational systems supplier in driveline and chassis technology to include active and passive safety systems," explains ZF Chief Executive Officer, Dr. Stefan Sommer. "The added locations provide us with new synergies locally and globally from which our customers worldwide benefit: from development, materials management, production and sales through to the aftermarket business.”
With 134,000 employees at around 230 locations, the combined company is present in some 40 countries worldwide, and generated sales in excess of EUR 30 billion in 2014. The European market accounted for around 50 percent of sales where ZF employs a workforce of 80,200 at 128 locations (thereof in Germany: 49,200 employees at 41 locations). ZF also has firm roots in the world's largest market regions of North America and Asia-Pacific where its locations are closely networked. This network is tailored to local market requirements (North America: 29,900 employees at 44 locations, thereof 11,900 employees at 30 locations in the U.S.; Asia-Pacific: 15,000 employees at 51 locations, thereof 11,700 employees at 18 locations in China). Through the merger with TRW Automotive, ZF has doubled its sales volume in the strategically important markets of the U.S. and China, and generated some EUR 4 billion in China and just under EUR 7 billion in the U.S. in 2014.
The new strength is, however, not just reflected in the sales figures and headcount, but also in a compelling product portfolio: "As one of the world's largest systems suppliers we combine all relevant technologies for the megatrends of efficiency, safety, and fully automated driving under a single roof, and are therefore in an excellent starting position for current and future industry trends," explains Sommer.
ZF has invested approximately five percent of its sales (recently EUR 1.6 billion when adding together the two individual budgets) in research and development in 2014 in order to continue to be successful with innovative products. As such, ZF's R&D resources are among the largest in the global automotive industry.