Takata to purchase defense safety businesses

  • 17-Jan-2012 08:30 EST

Takata Corp. recently entered an agreement for the purchase of the BAE Systems Safety Products Inc. and Schroth Safety Products GmbH businesses from BAE Systems for cash consideration of approximately $32 million. The businesses include operations in Pompano Beach, FL, and Arnsberg, Germany, and employ about 150 people who design and manufacture occupant restraints and safety products used across commercial and defense ground and aerospace platforms. The purchase of the Safety Products and Schroth businesses is expected to close during the first quarter of 2012. Takata’s technology portfolio focuses on safety restraint systems, airbags, safety electronics, interior trim, and special fabrics and textile materials.

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