Current Location:

HomeNewsNewsText

JOYSON & KSS Complete Merger

06.03.2016

Author:Local

Source:Local

Print

Typeface:

BigMediumSmall


(2016/06/03):Sterling Heights, MI, USA  Key Safety Systems (KSS), a global leader in mobility safety, is pleased to announce that its merger with Ningbo Joyson Electronic Corporation (Joyson) has been completed.  The combination creates a global leader in the automotive supplier business with annual sales of over $3 Billion USD  and  20,000 employees worldwide.  Joyson, is a multi-national company, listed on the Shanghai Stock Exchange, with headquarters in Ningbo, China,  and  facilities throughout the Americas, Asia  and  Europe. 

Under the terms of the merger, Joyson acquired outstanding KSS shares  and  KSS survives the merger as an independent group company headquartered in Michigan, USA.  Joyson has strategically organized into three primary divisions covering the automotive electronic & automation, automotive component,  and  safety markets, with KSS serving as Joyson’s  first  and  foundational investment in safety.  

Mr. Jason Luo will continue to lead KSS as its CEO  and  will also serve as Vice Chairman.  Mr. Jeff Wang, Chairman  and  Founder of Joyson, has been named Chairman of KSS. 


Mr. Wang said, “independently, Joyson  and  KSS achieved market leading growth,  and  we see excellent prospects to further accelerate this growth as we implement a complementary long-term strategy.  I am particularly optimistic about the prospect of moving forward together in the areas of active safety, autonomous & intelligent driving,  and  human machine interfacethe companies have unique synergy.  Through this acquisition, Joyson more than doubles in size, firmly establishing itself as an industry leader well positioned to serve as a trusted global partner to the world’s best automakers.” 

Mr. Luo said, “KSS is very excited to begin implementing the next phase of our strategic growth plan being a Joyson group company.  The combined strength of Joyson  and  KSS serves to position the company to capitalize on significant opportunities related to current market dynamics  and  technology trends.  We truly appreciate the confidence our customers throughout the world have placed in KSS,  and  we remain committed to serving them in an aligned  and  collaborative manner for the long term.” 


About KSS 

Key Safety Systems (KSS) is a global leader in mobility safety in the automotive  and  non-automotive markets serving the active safety, passive safety,  and  specialty product sectors.  Through highly specialized design, development,  and  manufacturing, KSS’ technology is featured in more than 300 vehicle models produced by over 60 well-diversified customers worldwide.  Since commencing business as a United States startup serving Detroit auto makers in 1916, KSS continues today with the same entrepreneurial  and  pioneering spirit.  KSS is headquartered in Sterling Heights, Michigan, with a global network of 32 sales, engineering,  and  manufacturing facilities. The company has 5 main technical centers located in key regions of the Americas, Europe  and  Asia.

Subscription[Close]
Enter Your Email
Unsubscribe[Close]
Enter Your Email