# 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.

- Type: Acquisition
- Announced: 2018-10-27
- Where: Japan
- Value: $1.30B (141.0B JPY)
- Status: announced
- Products: car navigation systems, auto electronics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hitachi](https://endata.com/companies/1325.md) (investor)
- [Hitachi](https://endata.com/companies/1325.md) (partner)
- [Faurecia](https://endata.com/companies/1483.md) (acquirer)
- [Clarion Group](https://endata.com/companies/12904.md) (target)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/car-parts-group-faurecia-to-buy-japans-clarion-in-1-3-bln-deal/66387447), 2018-10-27: "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."
- [ceoutlook.com](https://www.ceoutlook.com/2018/11/01/clarion-may-be-purchased-by-auto-supplier/), 2018-11-01: "Faurecia said the purchase would accelerate its goal to become a global leader in cockpit electronics."

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