BAE Systems has agreed to sell two businesses that produce safety products for defense and aerospace customers to Japanese firm Takata Corp. for around $32 million in cash.
The deal will send BAE Systems Safety Products Inc. and BAE’s German subsidiary Schroth Safety Products GmbH to Takata, a manufacturer of seat belts, air bags and child seats.
Takata’s announcement said the businesses employ around 150 people at locations including Pompano Beach, Fla. and Arnsberg, Germany.
The companies expect to close the deal in the first quarter of 2012. It is pending regulatory approval.
