Takata completes acquisition of BAE Systems subsidiaries

Tokyo-based Takata Corporation, a leading global supplier of automotive safety systems including seat belts, airbags and child seats, completed the acquisition of two BAE Systems subsidiaries: BAE Systems Safety Products, (based in Pompano Beach, Florida, USA) and Schroth Safety Products GmbH (based in Arnsberg, Germany). The total acquisition price was approximately $32m. The two companies manufacture and market a range of safety systems-related products, including seat belts for airplanes and helicopters, passenger safety equipment for military vehicles, and seat belts and HANS (head and neck support) for motor sport. Through these acquisitions, Takata aims to strengthen its business in motor sport and enter the aircraft safety arena, leveraging technological expertise gained in automotive safety systems to expand business in new areas.