# 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.

- Type: Acquisition
- Announced: 2017-06-26
- Where: Japan
- Value: $1.59B
- Status: announced
- Products: air bags
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Takata Corporation](https://endata.com/companies/22393.md) (target)
- [Ningbo Joyson Electronics](https://endata.com/companies/25186.md) (acquirer)
- [KSS Holdings](https://endata.com/companies/25187.md) (acquirer)

## Sources

- [chinadaily.com.cn](https://www.chinadaily.com.cn/cndy/2017-06/27/content_29897877.htm), 2017-06-27: "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."

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