# Faurecia to acquire remaining 50% of SAS joint venture from Continental for €225M

Faurecia signed a MoU to acquire the remaining 50% of its SAS joint venture from Continental for €225 million. The deal is expected to close in early 2020.

- Type: Acquisition
- Announced: 2019-10-14
- Value: $248.0M (225.0M EUR)
- Status: announced
- Products: interior modules, displays, electronics, sensors, thermal management
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Continental](https://endata.com/companies/925.md) (partner)
- [Continental](https://endata.com/companies/925.md) (target)
- [Faurecia](https://endata.com/companies/1483.md) (acquirer)
- [SAS](https://endata.com/companies/42683.md) (target)

## Sources

- [forvia.com](https://www.forvia.com/en/press/faurecia-acquire-remaining-50-sas-joint-venture-expand-integration-cover-all-interior-modules), 2019-10-14: "Faurecia today announced that it has signed a Memorandum of Understanding to acquire the remaining 50% of its SAS joint venture from Continental."
- [wiwo.de](https://www.wiwo.de/unternehmen/industrie/autozulieferer-faurecia-will-das-mit-continental-gefuehrte-joint-venture-sas-komplett-uebernehmen/25113404.html), 2019-10-14: "Der Autoteilehersteller werde den 50-prozentigen Conti-Anteil an SAS für 225 Millionen Euro erwerben."

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