# 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.

- Type: Acquisition
- Announced: 2018-07-06
- Where: France
- Value: $117.0M (100.0M EUR)
- Status: announced
- Products: infotainment systems, connected vehicle interior solutions
- 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) (partner)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/07/06/1534017/0/en/faurecia-to-take-control-of-100-of-parrot-automotive.html), 2018-07-06: "This transaction underlines the importance of Parrot Automotive in Faurecia's Cockpit of the Future strategy."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5245881/faurecia-signs-mou-to-acquire-100-of-parrot-automotive), 2018-07-09: "Faurecia has signed a memorandum of understanding (MOU) with Parrot to acquire 100% of the latter’s subsidiary Parrot Automotive by the end of 2018."

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