BRUSSELS (Reuters) - European Union antitrust authorities will decide by Feb. 26 whether to approve German car parts maker ZF Friedrichshafen's [ZFF.UL] $13.5 billion (9.01 billion pounds) bid for U.S. rival TRW Automotive Holdings Corp (N:TRW).
The European Commission said on its website on Friday that it launched a review of the deal on Jan. 22. The transaction will give the companies an edge in technologies for self-driving cars.
TRW, a leading maker of car safety products such as brakes and air bags, counts as its clients Ford Motor Co (N:F), General Motors (N:GM), Volkswagen AG (DE:VOWG_p) and other car makers.
ZF Friedrichshafen supplies chassis components to companies including Audi AG (DE:NSUG) and BMW (DE:BMWG).