# Anand Group merges two Joyson Safety Systems JVs into new entity

Anand Group announced the formation of a tri-party joint venture, Joyson Anand Abhishek Safety Systems, merging KSS Abhishek Safety Systems and Takata India. Anand Group will increase its stake to 30% in the combined entity.

- Type: Acquisition
- Announced: 2019-06-04
- Where: India, India
- Status: announced
- Products: airbags, seatbelts, steering wheels
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Anand Group](https://endata.com/companies/39785.md)
- [Anand Group](https://endata.com/companies/39785.md) (acquirer)
- [Anand Group](https://endata.com/companies/39785.md) (partner)
- [Joyson Safety Systems](https://endata.com/companies/39786.md) (partner)
- [Abhishek Group](https://endata.com/companies/39787.md) (partner)

## Sources

- [autocarpro.in](https://www.autocarpro.in/news-national/anand-group-sets-up-new-jv-merges-two-joyson-safety-systems-jvs-43193), 2019-06-04: "This joint venture will become a platform for our safety products business to broaden our product offerings in India and increase our market share in one of the fastest growing automotive markets in the world."
- [autocarpro.in](https://www.autocarpro.in/news-national/anand-group-sets-up-new-jv--merges-two-joyson-safety-systems-jvs-43193), 2019-06-04: "This joint venture will become a platform for our safety products business to broaden our product offerings in India and increase our market share in one of the fastest growing automotive markets in the world."
- [anandgroupindia.com](https://www.anandgroupindia.com/latest-at-anand/anand-announces-a-joint-venture-with-joyson-safety-systems/), 2019-06-04: "ANAND Group is consolidating its presence in the Indian automotive safety systems vertical."
- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/industry/anand-partners-with-joyson-safety-systems/69645146), 2019-06-04: "Anand Group, on Tuesday announced the formation of a tri-party joint venture to merge the two joint ventures of Joyson Safety Systems (JSS)."
- [motorindiaonline.in](https://www.motorindiaonline.in/anand-signs-jv-pact-with-joyson-safety-systems/), 2019-06-18: "This joint venture will become a platform for our safety products business to broaden our product offerings in India and increase our market share in one of the fastest growing automotive markets in the world."

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