# Joyson Safety Systems merges two Indian joint ventures

Joyson Safety Systems announced the formation of a tri-party joint venture merging KSS Abhishek Safety Systems and Takata India Pvt. Ltd. into Joyson ANAND Abhishek Safety Systems Private Ltd., with Joyson holding 65%, ANAND 30%, and Abhishek Industries 5%.

- Type: Acquisition
- Announced: 2019-06-14
- Where: India
- Status: announced
- Products: mobility safety systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Anand Group](https://endata.com/companies/39785.md) (partner)
- [Joyson Safety Systems](https://endata.com/companies/39786.md) (acquirer)
- [Abhishek Industries](https://endata.com/companies/40019.md) (partner)

## Sources

- [dbusiness.com](https://www.dbusiness.com/tech-mobility-news/joyson-safety-systems-in-auburn-hills-forms-tri-party-joint-venture-with-indian-companies/), 2019-06-14: "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.