# Parrot and Faurecia in exclusive partnership talks for Parrot Automotive

Parrot has entered exclusive discussions with Faurecia for a partnership where Faurecia would acquire a 20% stake in Parrot Automotive, with an option to buy the remainder by 2022.

- Type: Partnership
- Announced: 2016-12-06
- Value: $107.1M (100.0M EUR)
- Status: announced
- Products: connected vehicle systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [reuters.com](https://www.reuters.com/article/idINFWN1E10PL/), 2016-12-06: "This partnership would provide the best conditions to develop connected vehicles of the highest quality and benefit from Faurecia's industrial power and complementary expertise"

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