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

ZF increased its stake to 51% in the Rane TRW Steering Systems joint venture, acquiring 1% from Rane Group. The joint venture will be renamed ZF Rane Automotive India.

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

## Companies

- [ZF Friedrichshafen](https://endata.com/companies/4104.md) (acquirer)
- [Rane Group](https://endata.com/companies/37248.md) (target)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/zf-becomes-majority-stakeholder-in-jv-with-rane-group/88572389), 2021-12-29: "ZF on Wednesday announced that it has increased its shares to become the majority shareholder with 51% in the Rane TRW Steering Systems joint venture from the Rane Group."

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