Lucas Aerospace.... now that's scary.
Mark Weathers
>From: Michael Porter <portermd@zianet.com>
>Reply-To: Michael Porter <portermd@zianet.com>
>To: Randall <ryoung@navcomtech.com>
>CC: fot@autox.team.net
>Subject: Re: BTW points
>Date: Tue, 12 Jul 2005 16:51:55 -0600
>
>Randall wrote:
>
>>>I always thought that Lucas belongs to TRW Automotive.
>>>TRW bought Lucas in 1999 as far I remember.
>>>
>>>
>>
>>TRW did own at least some of Lucas. There have been so many companies
>>with
>>rights to use the Lucas name in certain markets that it's hard to keep
>>track.
>>But TRW no longer exists, and various pieces of the business were sold
>>off.
>>ISTR reading that they had already started to divest much of their
>>automotive
>>replacement business even before being bought by Northrup-Grumman. Some
>>of
>>Lucas belongs to Goodyear, some to BF Goodrich, some to a bunch of
>>investment
>>bankers. Probably some still belongs to NGC, too.
>>
>>But there doesn't seem to be anything on Bosch's website about acquiring
>>the
>>Lucas name ...
>>
>>
>Just to amplify on this a bit. TRW, Inc. acquired Lucas Varity (the
>automotive supplier side of Lucas--there are others with the Lucas name,
>including Lucas Aerospace--acquired by Goodrich when it was spun off--and
>Lucas Engineering Consulting, for example) around 1999 for $9 billion. In
>2002, Northrop Grumman acquired TRW, Inc., in a hostile takeover for about
>$10 billion (TRW had bitten off more than it could chew with the
>acquisition of LV). Northrop Grumman retained TRW Aerospace and TRW
>Information Systems and integrated them into Northrop Grumman, and sold the
>remainder to the Blackstone Group in March, 2003. The Blackstone Group
>then created a new, automotive-focused TRW, Inc., out of the pieces, and it
>was this company which was offered as an IPO in 2004. Lucas Varity was
>entirely absorbed into the new TRW, Inc., and is no more. If you try to get
>to lucasvarity.com, it's the new TRW, Inc. web site.
>
>Cheers.
>
>--
>Michael D. Porter
>Roswell, NM
>
>Never let anyone drive you crazy when you know it's within walking
>distance....
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