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Faurecia to acquire 100% of Parrot Automotive for €100 million · Endata

◂ Announcements

Jul 6, 2018ACQUISITIONFrance

Faurecia to acquire 100% of Parrot Automotive for €100 million

Faurecia and Parrot finalized a proposal for Faurecia to take over 100% of Parrot Automotive, based on an enterprise value of €100 million. The transaction is expected to close in Q3 2018.

Value

$117.0M (100.0M EUR)

Status

Announced

Productsinfotainment systemsconnected vehicle interior solutions

CompaniesFaurecia acquirer Parrot Automotive SAS target Parrot SA partner

Sectors#Automotive Components

“This transaction underlines the importance of Parrot Automotive in Faurecia's Cockpit of the Future strategy.”globenewswire.com

2 sources
globenewswire.comFAURECIA TO TAKE CONTROL OF 100% OF PARROT AUTOMOTIVEForviaJul 6, 2018
autotechinsight.spglobal.comFaurecia signs MOU to acquire 100% of Parrot Automotive - Automotive Technology Insight | Forecasts | Industry News | Supply ChainJul 9, 2018

Summarized from public sources; check the original articles before acting on it.

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