Grigorescu Ştefănică advised the Chinese company Ningbo Joyson
Electronic Corporation (Joyson Electronics) in a transaction valued
at $920 million, by which the company acquired Key Safety Systems.
This is one of the largest transactions in the automotive sector of
the early 2016.
Electronics, one of the world’s leading suppliers of automotive
components, has signed the agreement for the acquisition of the auto
supplier Key Safety Systems. Key Safety Systems, a US manufacturer of
security systems for the automotive industry, such as airbags,
steering wheels, seat belts, is operating in 32 locations around the
world, including Romania, where it is present with facilities in Arad
and Hunedoara. It is predicted that the transaction will result in a
company with annual sales of $3 billion employing approximately