Key Safety Systems completes acquisition of Takata; combined company to be named Joyson Safety Systems
A consortium of investors, including KSS’ parent company Ningbo Joyson, provides funding for the acquisition
Key Safety Systems (KSS) has completed the USD1.588 billion acquisition of Japanese airbag supplier Takata after securing funding from consortium of investors led by its Chinese parent company Ningbo Joyson Electronic Corporation, PAG, a Hong Kong-based private equity group, and Future Industry Investment Fund.
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