In April 2018, Takata Corporation (“Takata”) successfully completed the transfer of substantially all of the assets and businesses owned worldwide by Takata Group to Key Safety Systems (together with its affiliates, “KSS”), except for certain assets and businesses related to Takata's manufacture and sale of phase-stabilized ammonium nitrate (PSAN) airbag inflators, in accordance with the definitive Asset Purchase Agreements between Takata and KSS, the execution of which was announced on November 21, 2017.
Duff & Phelps served as an independent financial advisor to Takata Europe GmbH in connection with the overall transaction.
About Takata
Takata is a leading global innovator and supplier of automotive safety systems, including airbag systems, seat belts, steering wheels, electronics, sensors, and child restraint systems, and supplies all major automotive manufacturers in the world.
About Key Safety Systems
Key Safety Systems is a global leader in mobility safety through the system integration and performance of safety-critical components to the automotive and non-automotive markets serving the active safety, passive safety and specialty product sectors. It is a wholly owned subsidiary of Ningbo Joyson Electronic Corp. (SHA: 600699).
