Faurecia to acquire Clarion from Hitachi for $1.3 billion

French car parts company Faurecia agreed to buy Japanese car navigation system maker Clarion from Hitachi for 141 billion yen ($1.3 billion). The deal will strengthen Faurecia's presence in new auto technologies.

“The combined product and technology offer of Faurecia and Clarion and our complementary geographic presence and customer portfolios would create significant value for all stakeholders.”auto.economictimes.indiatimes.com

• 2 sources
• auto.economictimes.indiatimes.comCar parts group Faurecia to buy Japan's Clarion in $1.3 bln deal, ETAutoOct 27, 2018
• ceoutlook.comClarion May Be Purchased By Auto Supplier - ceoutlook.comAmy GilroyNov 1, 2018

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