KPS Capital Partners to sell Chassis Brakes International to Hitachi Automotive Systems

 KPS Capital Partners (“KPS”) announced that it has signed a put option agreement to sell its portfolio company Chassis Brakes International Group (“Chassis Brakes” or the “Company”) to Hitachi Automotive Systems, Ltd. (“Hitachi Automotive”), a wholly-owned subsidiary of Hitachi, Ltd. (TSE/TYO: 6501). Works council consultations will be conducted, and completion of the transaction, which is expected in 2019, is subject to customary closing conditions.

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