Chassis Brakes International to be sold to Hitachi Automotive Systems

Jun 20, 2019   Tier Suppliers

KPS Capital Partners announced on June 19 that it has signed a put option agreement to sell its portfolio company Chassis Brakes International Group to Hitachi Automotive Systems.

Works council consultations will be conducted, and completion of the transaction, which is expected in 2019, is subject to customary closing conditions.

Chassis Brakes is a leader in automotive safety solutions and one of the world’s three largest
manufacturers of automotive foundation brakes and foundation brake components. Headquartered
in Eindhoven, The Netherlands, the Company’s primary products include brake calipers, disk
brakes, drum brakes and parking brakes. The Company focuses on developing safer, cleaner,
smarter solutions that will support mega-trends impacting the automotive industry, such as
connectivity, electrification and autonomous driving. Chassis Brakes operates 12 world-class,
state-of-the-art manufacturing facilities, as well as 11 engineering centres and sales offices in
Europe, Asia, India, North America and South America and has nearly 5,500 employees worldwide.

KPS created Chassis Brakes in 2012 to acquire the global automotive foundation brakes business
of Robert Bosch GmbH in a highly complex global corporate carve-out transaction. Under KPS’
ownership, Chassis Brakes was transformed into an independent, fast-growing and innovative
global business, and leveraged its industry-leading technological portfolio of products and
capabilities into supply relationships with substantially all of the world’s global automotive
companies.

KPS made Chassis Brakes a better business by assembling a world-class management team led
by Chief Executive Officer Dr. Thomas Wünsche, constructing four new state-of-the-art foundation
brake assembly facilities (in Poland, China, India and Mexico), constructing four new state-of-the-art engineering and R&D centres (in Germany, India, The Netherlands and China), and successfully
expanding into the North American automotive market.

Under KPS’ ownership, Chassis Brakes invested an aggregate €230.0 million in R&D and applied
engineering, which resulted in commercialising three new transformational products: the “ZOHe”
brake caliper, the disc-integrated automated parking brake (“APB-Mi”) and drum-integrated
automated parking brake (“APB-Di”).

Chassis Brakes also invested significant capital in R&D and engineering to develop its Smart
Brake and the world’s first demonstration car operating exclusively with these electromechanical
brake actuators (versus traditional hydraulic brake actuators) on four wheels, which was unveiled
at the Winter Test 2019 in Sweden.

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