Takata Completes Acquisition of BAE Systems Subsidiaries
~ Aiming to grow business in new safety systems areas
TOKYO, March 5, 2012 /PRNewswire/ -- Takata Corporation (TSE 7312), a leading global supplier of automotive safety systems including seat belts, airbags and child seats, today completed the acquisition of two BAE Systems subsidiaries: BAE Systems Safety Products Inc., (based in Pompano Beach, Florida, USA) and Schroth Safety Products GmbH (based in Arnsberg, Germany). The total acquisition price was approximately US$32 million.
The two companies manufacture and market a range of safety systems-related products, including seat belts for airplanes and helicopters, passenger safety equipment for military vehicles, and seat belts and HANS (head and neck support) for motor sport.
Through these acquisitions, Takata aims to strengthen its business in motor sport and enter the aircraft safety arena, leveraging technological expertise gained in automotive safety systems to expand business in new areas.
| Takata Corporation |
|
| Company name |
Takata Corporation |
| Founded |
1933 |
| Head office |
Akasaka 2-12-31, Minato-ku, Tokyo, Japan |
| Representative |
Shigehisa Takada, President & COO |
| Capital |
41,862 million yen (as of March 2011) |
| Sales |
390,876 million yen (FY ended March 2011) |
| Employees |
34,650 (consolidated, as of March 2011) |
| Global network |
49 plants in 18 countries spanning Japan, Asia, Europe and the Americas (as of September 2011) |
| Main business |
Manufacture and sale of automotive seat belts, airbags, steering wheels, interior trim, fabrics and child restraint systems |
The content of this news release is based on information available as of the date of publication, and is subject to change without notice.
SOURCE Takata Corporation
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