Faurecia to sell SAS Cockpit Modules division to MOTHERSON Group for €540 million

Faurecia, a company of the FORVIA Group, received a firm commitment from the MOTHERSON Group to acquire 100% of the SAS Cockpit Modules division for an enterprise value of €540 million. The transaction is expected to close mid-2023.

“Faurecia, a company of the FORVIA Group, has received a firm and binding commitment from the MOTHERSON Group to acquire 100% of “SAS” Cockpit Modules division.”forvia.com

• 3 sources
• forvia.comFaurecia to sell its “SAS” Cockpit Modules division to the MOTHERSON Group | FORVIAFeb 19, 2023
• magzter.comMotherson will buy SAS Faurecia's cockpit module biz | Autocar Professional - automotive - Read this story on Magzter.comMar 2, 2023
• forvia.comForvia confirms the successful progress of its asset disposal program with the entry of Stellantis in Symbio's capital | FORVIAMay 16, 2023

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