Auto Service World
News   July 9, 2015   by Auto Service World

Federal-Mogul Powertrain Acquires Remaining TRW Engine Components Operations

#aftermarket – Federal-Mogul Powertrain, a division of Federal-Mogul Holdings Corporation, has announced that it purchased TRW’s ownership shares in two engine components joint ventures, completing its acquisition of TRW’s Engine Components business. The acquired business, 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 Rainer Jueckstock CEO, Federal-Mogul Powertrain and Co-CEO, Federal-Mogul Holdings Corp. “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.”