# Faurecia acquires 20% stake in Parrot Automotive

Faurecia finalised the acquisition of a 20% interest in Parrot Automotive SAS through a reserved capital increase for EUR 27.3 million, with an enterprise value of EUR 100 million for Parrot Automotive. Faurecia will also subscribe to convertible bonds for EUR 41 million.

- Type: Acquisition
- Announced: 2017-03-27
- Where: France
- Value: $29.5M (27.3M EUR)
- Status: completed
- Products: automotive technology
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Faurecia](https://endata.com/companies/1483.md) (acquirer)
- [Parrot Automotive SAS](https://endata.com/companies/16931.md) (target)
- [Parrot SA](https://endata.com/companies/16932.md) (investor)

## Sources

- [reuters.com](https://www.reuters.com/article/business/media-telecom/french-groups-faurecia-finalises-acquisition-of-stake-in-parrot-automotive-idUSFWN1H3047/), 2017-03-27: "Parrot wraps up its strategic and capital partnership between Faurecia and its subsidiary Parrot Automotive"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.