Joyson Electronics to acquire Takata assets for $1.59B

Ningbo Joyson Electronics, through its subsidiary KSS Holdings, signed a memorandum of understanding to acquire Takata Corporation's assets (excluding ammonium nitrate propellant business) for approximately $1.59 billion.

“Shanghai-listed Joyson announced on Monday that its wholly owned subsidiary KSS Holdings Inc had signed a memorandum of understanding with Takata to acquire the latter's assets, excluding its ammonium nitrate propellant business.”chinadaily.com.cn

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