# Hyosung Group acquires Global Safety Textiles

Hyosung Group acquired 100% of Global Safety Textiles on November 22, 2011, expanding into airbag textile and cushion manufacturing with vertical integration.

- Type: Acquisition
- Announced: 2019-10-21
- Where: Germany
- Status: completed
- Products: airbag textiles, airbag cushions, technical textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyosung Group](https://endata.com/companies/2496.md) (acquirer)
- [Global Safety Textiles](https://endata.com/companies/26903.md) (target)

## Sources

- [global-safety-textiles.com](https://www.global-safety-textiles.com/589-2/?lang=en), 2019-10-21: "Through this acquisition, we have expanded our business to include Eastern Europe and Africa, adding subsidiaries in Germany, Romania, China, South Africa, USA, and Mexico."

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