On January 25, 2016, ZF -THC and the Illinois Tool Works (ITW) issued a statement that the former fastener business will be sold to the latter at a price of 450 million US dollars. ZF said that the current fastener business is "successful and profitable," but the company decided to focus on the core business, including advances in safety technology, fuel economy, electrification and autonomous driving. Firmware business. It is expected that the transaction will be completed by the end of June 2016, and the progress will depend mainly on the Custom Closing Conditions and legal approvals. The ZF-TRW fasteners business headquarters is located in Enkenbach, Germany. There are 13 production R&D bases in the world, covering Europe, Asia and North America. The total number of employees in 9 countries is 3,500. Illinois equipment manufacturing company said that in the future, fasteners will be used as an independent business in its automotive field. While purchasing the fastener business, Illinois equipment manufacturing company is also doing business subtraction. From 2013 to 2014, Illinois Equipment Manufacturing Company sold a total of 32 small businesses with a revenue of US$4.9 billion. It will also take another US$350 million business between 2014 and 2016. Yamato Sewing Machine Needle Plate Needle Plate For Yamato Fd62G,Yamato Fd62G Sewing Machine,Yamato Fd62G Sewing Machine Parts,Needle Plate For Yamato sewshimano , https://www.nb-fzysewing.com
ZF TRH sells fasteners business