# Adient agrees to acquire automotive seating supplier Futuris Group

Adient PLC signed a definitive agreement to acquire Futuris Group for approximately $360 million, including assumption of $18 million net debt. Futuris is a global designer and manufacturer of automotive seating and interior systems.

- Type: Acquisition
- Announced: 2017-08-21
- Where: Oak Park, Michigan, United States
- Value: $360.0M
- Status: announced
- Products: automotive seating systems, seat frames, seat trim, headrests, armrests, seat bolsters
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Clearlake Capital](https://endata.com/companies/5452.md) (investor)
- [Clearlake Capital](https://endata.com/companies/5452.md) (partner)
- [Adient](https://endata.com/companies/17892.md) (acquirer)
- [Futuris Group](https://endata.com/companies/23107.md) (target)

## Sources

- [adient.com](https://www.adient.com/media/news/2017/08/21/adient-agrees-to-purchase-automotive-seating-supplier-futuris-group/), 2017-08-21: "Futuris has a rapidly growing book of business that strengthens our position with West Coast customers, improves our utilization rates in North America and expands our business in Southeast Asia."
- [adient.com](https://www.adient.com/media/news/2017/09/25/adient-completes-acquisition-of-futuris-group/), 2017-09-25: "Adient PLC today announced that it has completed its acquisition of the automotive seating manufacturer Futuris Group."
- [premium.goauto.com.au](https://premium.goauto.com.au/seating-supplier-futuris-sold-adient/), 2017-09-28: "Adient this week announced it had completed its acquisition of the Futuris Group in a $US360 million deal"
- [textilemedia.com](https://www.textilemedia.com/about-us/latest-news/archive/2017/?start=48), 2017-10-10: "Automotive seating supplier Adient has signed a definitive agreement to acquire Futuris Group for US$360m, including the assumption of US$18m of net debt."
- [textilemedia.com](https://www.textilemedia.com/mobiletex/latest-news/archive/2017/?start=10), 2017-11-08: "Automotive seating supplier Adient has signed a definitive agreement to acquire Futuris Group for US$360m, including the assumption of US$18m of net debt."

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