Commission Decision 07-M-005/2018 Acquisition by Ningbo Joyson Electronics Corporation of Assets of Takata Corporation
The transaction involves the proposed acquisition by Ningbo Joyson Electronic Corporation (Joyson Electronics) of assets of Takata Corporation (Takata). Upon closing the deal, the Takata assets that fall within the proposed transaction will be wholly owned by Joyson Electronics.
Ningbo Joyson Electronics is headquartered in Japan and present in Chine. It manufactures automotive electronics and functional modules. Its subsidiary Key Safety Systems Holdings Inc. is active in the research and development, design, manufacture, marketing and sale of automotive safety systems.
Takata, on the other hand, is a Japanese company that designs and manufactures automotive safety systems. Its subsidiary Takata (Philippines) Corp. operates a plant in Biñan, Laguna and manufactures airbag fabric and cushion, and seatbelt webbing, for export to related parties under the Takata Group.