The Company Profile... TRW Automotive

摘要

TRW was created in 1958 with the merger of Thompson Products and Ramo-Wooldridge Corporation, an early aerospace technology developer. TRW expanded its automotive business when it acquired Magna International's steering wheel and airbag business in 1996, and three years later with the $7 billion purchase of LucasVarity plc. The company was acquired by Northrop Gmmman in 2002. Northrop sold the automotive part of the business in 2003 to the Blackstone Group, a private equity firm. Blackstone took TRW Automotive public in an initial public offering in February 2004, and has since reduced its holdings in TRW Automotive to 16%.