# Key Safety Systems to acquire substantially all of Takata's assets for $1.588B

Key Safety Systems and Takata reached an agreement in principle for KSS to purchase substantially all of Takata's global assets and operations for $1.588 billion, excluding PSAN airbag inflator operations.

- Type: Acquisition
- Announced: 2017-06-25
- Where: Japan
- Value: $1.59B
- Status: announced
- Products: automotive safety systems, seat belts, airbags, steering wheels
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Takata Corporation](https://endata.com/companies/22393.md) (target)
- [Key Safety Systems](https://endata.com/companies/25139.md) (acquirer)
- [Ningbo Joyson Electronic Corp](https://endata.com/companies/25150.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/kss-and-takata-reach-agreement-in-principle-regarding-purchase-of-substantially-all-of-takatas-assets-300479374.html), 2017-06-26: "KSS and Takata Corporation announced today that they have reached an agreement in principle to sponsor a restructuring plan for the purchase of substantially all of Takata's global assets and operations by KSS for an aggregate purchase price of $1.588 Billion."
- [cnbc.com](https://www.cnbc.com/2017/06/26/takata-files-for-bankruptcy-in-us-japan-and-likely-selling-assets-to-us-auto-parts-supplier.html), 2017-06-26: "U.S.-headquartered auto parts supplier Key Safety Systems said it reached an agreement with Takata to purchase most of its global assets and operations for $1.588 billion."
- [financialpost.com](https://financialpost.com/transportation/airbag-maker-takata-files-for-bankruptcy-protection-after-biggest-recall-in-auto-history), 2017-06-26: "In the biggest bankruptcy of a Japanese manufacturer, Takata faces tens of billions of dollars in costs and liabilities resulting from almost a decade of recalls and lawsuits."
- [reuters.com](https://www.reuters.com/article/business/japanese-airbag-maker-takata-files-for-bankruptcy-gets-chinese-backing-idUSKBN19G0ZG/), 2017-06-26: "Japan's Takata Corp, at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.