News Releases

TRW Automotive Completes Agreement with Davey Bickford to Acquire Igniter Machining and Intellectual Property Assets

PRNewswire-FirstCall
ASCHAU AM INN, Germany
(NYSE:TRW)
Jun 11, 2008

ASCHAU AM INN, Germany, June 11 /PRNewswire-FirstCall/ -- TRW Automotive Holdings Corp. (NYSE: TRW) today announced that its subsidiary, TRW Airbag Systems GmbH, has closed an agreement with Davey Bickford SNC, France, to acquire initiator machining and intellectual property assets. The terms of the acquisition were not disclosed.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO )

This acquisition is part of TRW's occupant safety business strategy to vertically integrate its inflator business and corresponds with its future approach of "make and buy." Igniters are key components for air bag and seat belt modules. Previously, Davey Bickford was a strategic supplier of igniters to TRW.

The initiator machines and intellectual property include 'plastic to metal seals technology' which is anticipated to be a key future technology in this business segment.

Richard Stanzel, director, operations, Global Inflators for TRW Automotive, commented: "This represents a strategic acquisition for TRW Automotive. We continue to develop our inflator portfolio in Europe and North America and this operation provides us with an in-house source for a key component in a growing technology.

"The machines will be gradually transferred to our inflator plant in Aschau am Inn, Germany, over the next 18 months and will become an integral part of our global inflator operations. We will continue to develop the technology and production processes to strengthen our market leading range of inflators."

Dominique Heber-Suffrin, president and chief executive officer of Davey Bickford, commented: "A pioneer in the design and manufacturing of state of the art pyrotechnic igniters for airbags and seat belt pretensioners, Davey Bickford has been a close partner to TRW for many years. Today, we are proud that TRW has selected our technology for their vertical integration strategy. This transaction fits with our primary focus on the booming mining industry where Davey Bickford has developed very advanced initiation solutions."

TRW Automotive supplies inflators for programs for a number of leading, global automotive manufacturers including Ford Motor Company, Mercedes Car Group, BMW, Peugeot, Fiat, General Motors Corporation, Renault Nissan and Volkswagen.

About TRW

With 2007 sales of $14.7 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 27 countries and employs more than 66,000 people worldwide. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. All references to "TRW Automotive", "TRW" or the "Company" in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news is available on the internet at http://www.trw.com/ .

Forward-Looking Statements

This release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements are subject to numerous assumptions, risks and uncertainties which can cause our actual results to differ materially from those suggested by the forward-looking statements, including those set forth in our Report on Form 10-K for the fiscal year ended December 31, 2007 (our "Form 10-K"), and in our Report on Form 10-Q for the quarter ended March 28, 2008, such as: loss of market share by domestic North American vehicle manufacturers and resulting production cuts and restructuring initiatives, including bankruptcy actions, of our suppliers and customers; escalating pricing pressures from our customers; commodity inflationary pressures adversely affecting our profitability and supply base, including any resulting inability of our suppliers to perform as we expect; our dependence on our largest customers; product liability, warranty and recall claims and efforts by customers to alter terms and conditions concerning warranty and recall participation; foreign currency exchange rate fluctuations; work stoppages or other labor issues at our facilities or at the facilities of our customers or suppliers; our substantial debt and resulting vulnerability to an economic or industry downturn and to rising interest rates; cyclicality of automotive production and sales; risks associated with non-U.S. operations, including foreign exchange risks and economic uncertainty in some regions; adverse effects of environmental and safety regulations; assertions by or against us relating to intellectual property rights; the possibility that our largest shareholder's interests will conflict with ours; and other risks and uncertainties set forth in our Form 10-K and in our other filings with the Securities and Exchange Commission. We do not undertake any obligation to release publicly any revision to any of these forward-looking statements.

Photo: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com

SOURCE: TRW Automotive Holdings Corp.

CONTACT: John Wilkerson of TRW Automotive - North America,
+1-734-855-3864, or Lynette Jackson of TRW Automotive - Europe - Asia,
+ 44.121.506.5315

Web site: http://www.trw.com/


Email Page Print RSS
email print rss