Hitachi Automotive Systems to acquire Chassis Brakes International
Hitachi Automotive Systems announced it has granted KPS Capital Partners a put-option agreement for the acquisition of 100% of Chassis Brakes International. Hitachi Automotive Systems says that the proposed transaction would not only strengthen the company's chassis and safety systems capabilities, but also enhance its motion control capabilities across the whole vehicle
Hitachi Automotive Systems President and CEO, Dr. Brice Koch, said, “The proposed transaction will bring significant further momentum to our transformation toward industry leadership, including by securing top global talent and operational excellence. In addition, by capturing a global leadership position in safety systems, it is in line with our commitment to strengthen core businesses such as powertrain, chassis, and safety systems through operational excellence, alliances, and M&A, thereby operating with greater focus and gaining enhanced scale benefits. Having taken steps to refine and focus our business portfolio through divestments during the past year, we are now reinvesting these proceeds to further strengthen our core businesses and build our global presence.”
Chassis Brakes International’s CEO, Dr. Thomas Wünsche, noted, “The automotive megatrends such as autonomous driving, electrification, and emissions reduction are driving major changes in mobility. The proposed transaction will enhance Chassis Brakes International and Hitachi Automotive Systems’ highly complementary geographic footprints and technological expertise. This exciting combination would enable us to better serve our combined customer base and meet the upcoming challenges of the automotive industry through efficient operations as well as safer, cleaner, and smarter innovations and solutions.”
Chassis Brakes International has a comprehensive portfolio of braking technologies. Headquartered in Eindhoven, The Netherlands, the company operates 12 state-of-the-art manufacturing facilities as well as 11 engineering centers and sales offices in Europe, Asia, India, North America, and South America and has nearly 5500 employees.
The company’s new brake-by-wire Smart Brake is designed to replace hydraulic systems. The company believes it will serve as the foundation for future autonomous-vehicle brake systems.
Dr. Wünsche noted, “Our Smart Brake system offers the industry a simplified and fluid-free braking solution, reducing system architecture complexity, component count, weight, and maintenance requirements.” He added that the Smart Brake system could improve vehicle stopping distances through innovative control strategies. The system also reduces residual drag, which can help improve fuel economy and reduce CO2 emissions. Smart Brake’s single-actuator design combines service braking and parking at all four wheels, reducing clamping force per actuator needed to hold the vehicle stationary.