ZF completes sale of Engineered Fasteners and Components business to Illinois Tool Works  [ Germany ] [ USA ]

ZF Friedrichshafen AG announced it has completed the sale agreement of its global Engineered Fasteners and Components business to Illinois Tool Works Inc. for approximately USD 450 million. The business was part of ZF TRW, the Active and Passive Safety Technology Division of ZF Friedrichshafen AG. As a result of this divestment, ZF is primarily concentrating on the growth of its core businesses...
<Jul 01, 2016>