# ZF acquires majority stake in Rane TRW Steering Systems joint venture

ZF increased its holding in Rane TRW Steering Systems from 50% to 51%, becoming the majority shareholder. The joint venture will be renamed ZF Rane Automotive India.

- Type: Acquisition
- Announced: 2021-12-29
- Where: India
- Status: announced
- Products: steering systems, airbags, seat belt systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ZF](https://endata.com/companies/5885.md) (acquirer)
- [Rane TRW Steering Systems](https://endata.com/companies/37247.md) (target)
- [Rane Group](https://endata.com/companies/37248.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/zf-acquires-majority-stake-in-joint-venture-with-rane-group/article38065863.ece), 2021-12-29: "By acquiring a majority stake from our long-standing partner Rane, we aim to further expand both our passenger car and commercial vehicle business for our customers in the India region."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.