Takata Corporation says it will buy BAE Systems safety products and Schroth safety products businesses from BAE Systems for a cash consideration of around US$32m.

The businesses include operations in Pompano Beach, Florida, as well as Arnsberg, Germany and employ around 150 people in the design and manufacture of occupant restraints and safety products used in commercial, defence ground and aerospace platforms.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The purchase of the safety products and Schroth businesses is conditional, among other things, upon receiving regulatory approvals and is expected to close during the first quarter of 2012.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Neonode has won the Innovation Award for Driver Monitoring Software for its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.

Discover the Impact