IFLR1000

Joyson Electronics $920 million acquisition of Key Safety Systems

8/3/2016
Public acquisition
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$ 920 million

Announced

8/3/2016

Overview:

  • China's Ningbo Joyson Electronic Corporation (Joyson Electronics) has acquired automotive supplier Key Safety Systems for $920 million.
  • Key Safety manufactures airbags, steering wheels, seatblets and other safety equipment for cars. The firm is based in the US but has facilities in Romania.

Sam Duke - Editor

Jurisdictions:

United States
China
Romania

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
bpv Grigorescu Ştefănică

Party: Ningbo Joyson Electronic Corporation (Acquirer)

Lawyer: Anca Albulescu

Gibson Dunn & Crutcher

Party: Ningbo Joyson Electronic Corporation (Acquirer)

Lawyer: Fang Xue

Grandall Law Firm

Party: Ningbo Joyson Electronic Corporation (Acquirer)

Simpson Thacher & Bartlett

Party: FoutainVest Partners (Seller)

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