# Ningbo Joyson Electronic acquires assets of Takata Corporation

The Philippine Competition Commission cleared Ningbo Joyson Electronic Corporation's acquisition of substantial assets in Takata Corporation. The deal includes Takata's Philippine subsidiary, which operates a plant in Biñan, Laguna manufacturing airbag fabric and seatbelt webbing.

- Type: Acquisition
- Announced: 2018-02-27
- Where: Biñan, Laguna, Philippines
- Status: announced
- Products: airbag fabric, airbag cushion, seatbelt webbing, automotive safety systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [asean-competition.org](https://asean-competition.org/read-news-pcc-approves-ningbo-joyson-electronic-corps-buyout-of-assets-in-takata-corporation), 2018-02-28: "The Philippine Competition Commission (PCC) has cleared Ningbo Joyson Electronic Corporation in its acquisition of substantial assets in Takata Corporation."

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