Hitachi Automotive Systems to acquire Chassis Brakes International from KPS Capital Partners.

Hitachi Automotive Systems, a wholly owned subsidiary of Hitachi, agreed to acquire Chassis Brakes International Group, one of the world’s three largest manufacturers of automotive foundation brakes and foundation brake components, from KPS Capital Partners. “Chassis Brakes will remain committed to our core strategic values of providing our customers with the highest levels of product quality, innovation and customer service. We thank our customers, suppliers and employees for their contributions to our success,” Thomas Wünsche, Chassis Brakes’ Chief Executive Officer.