The acquisition contract stipulates that KSS will acquire all Takata assets, except the operations involving the production of a certain type of airbags.
Takata president Shigehisa Takada said the deal with KSS will enable Takata to meet the objectives set when it started this process. Takada also said the company wants to continue to constantly supply products to its customers, including automotive parts which will be used for recalls.
The transaction is due for completion in the first quarter of 2018.