TOKYO Takata Corp., global supplier of automotive safety systems, has completed its acquisition of two BAE Systems subsidiaries: BAE Systems Safety Products Inc. based in Pompano Beach, Fla.; and Schroth Safety Products GmbH, based in Arnsberg, Germany. The total acquisition price was approximately $32 million.
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 motorsports.
Through these acquisitions, Takata says it aims to strengthen its business in the motorsports segment and enter the aircraft safety arena, leveraging technological expertise gained in automotive safety systems to expand business in new areas.