[Hitachi Automotive Systems, Ltd.] Hitachi Automotive Systems signs a put option agreement for acquisition of chassis brake international company
Hitachi Automotive Systems Ltd. Hitachi Automotive Systems Signs Put Option Agreement to Acquire Chassis Brake International Aiming for an industry leader in automotive safety systems ………………………………………………………………………………………… Hitachi Automotive Systems, Ltd. (President & CEO: Bliss Koch / hereinafter, Hitachi Automotive Systems) is currently working with KPS Capital Partners (hereinafter, KPS) in the United States and owns the Dutch Chassis Brake International BV owned by the company. Entered into a put option agreement * to acquire 100%. Going forward, we plan to complete the acquisition in accordance with relevant laws, in consultation with employee representatives, and in competition law-related approval procedures. * 1 Put option agreement: Agreement to grant the right to sell shares Through this acquisition, Hitachi Automotive Systems, in addition to the technology of the chassis and safety system, includes vehicle motion control technology of the whole car, integrated control with motorization, automatic driving, advanced driving support system, and software. We will improve our technological capabilities and contribute to a safer and more sustainable society. In addition, Hitachi Automotive Systems leverages its wealth of experience and know-how in business structure reforms by the management members of Chassis Brake International, Inc. to further improve quality, improve operations and business processes, and digitize, etc. We will accelerate our efforts for Alongside these efforts, Hitachi Automotive Systems will continue to actively invest in growth areas. In the automotive market, the shift from internal combustion engines to electrification and fluctuations in automobile demand due to the expansion of automatic driving will be noted, but for the safety system provided by Chassis Brake International, there is a demand for braking parts including calipers etc. However, it is expected to grow continuously in line with the total number of vehicles produced. On the other hand, the shift from conventional brakes to electrically controlled brakes is expected to accelerate in the future. In order to capture the growth opportunities expected of the two companies’ integrated business, we will strengthen the advanced safety system by combining the strengths of both companies and enhancing the engineering and system design capabilities. Chassis Brake International is one of the world’s leading suppliers of a broad product portfolio leveraging brake technology in the automotive safety systems sector, with revenue of more than € 900 million in the fiscal year ending December 2018 Has reached. Headquartered in Eindhoven, the Netherlands, in addition to 11 development centers and sales branches in Europe, Asia, India, the Americas, etc., it has developed 12 state-of-the-art factories around the world, with approximately 5,500 I have a human employee. The company is also focusing on the development of smarter solutions that are safer, have lower environmental impact, and respond to the growing mega-trends of the automotive industry, such as the growth of connected cars, electrification and autonomous driving. Hitachi Automotive Systems President & CEO Bliss Koch’s comments “With this acquisition, we will gain global top talent and a more sophisticated business foundation, further accelerate management reform of Hitachi Automotive Systems and aim to become an industry leader. This acquisition leads to an international competitive advantage in safety systems Is an important part of our business strategy to strengthen core businesses such as powertrains, chassis and safety systems through outstanding business operations and selection and concentration by alliances and M & As and scale merits. The core business will be further strengthened and implemented as a reinvestment to increase global presence. ” Hitachi Automotive Systems belongs to the life sector of Hitachi, Ltd. (hereinafter referred to as “Hitachi”), and transformation of this business is positioned as one of the key measures in Hitachi’s new medium-term business plan (hereinafter referred to as “mid-term plan”). You are Through the acquisition of Chassis Brake International, we will solidify the business foundation of our advanced safety system, reduce traffic accidents, reduce emissions, and improve comfort, resulting in the social innovation business set forth by Hitachi in the mid-term plan. Contribute to the realization of a sustainable society and the improvement of people’s QoL. Chassis Brake International CEO Thomas Bünsche’s comments “The mega-trends of automobiles such as autonomous driving, electrification and emission reduction are making major changes in the automotive industry. Chassis Brake International and Hitachi Automotive Systems have a geographical customer base and technology. The two companies are able to solve the future challenges in the automotive industry through the creation of smarter innovations and solutions and more efficient business operations that can complement their superiority by creating smarter innovations and solutions that have higher safety and lower environmental impact. We will meet the expectations of our customers. ”
■ Overview of KPS Capital Partners [Table 4: https://prtimes.jp/data/corp/44805/table/4_1.jpg]
■ Overview of Chassis Brake International B.V. [Table 5: https://prtimes.jp/data/corp/44805/table/4_2.jpg]
■ Overview of Hitachi Automotive Systems [Table 6: https://prtimes.jp/data/corp/44805/table/4_3.jpg]
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