# Stellantis acquires stake in Symbio alongside Michelin and FORVIA

Stellantis has acquired a 33.33% stake in Symbio, a fuel cell mobility company, alongside Michelin and FORVIA, each holding equal shares. The transaction was completed on July 27, 2023, and contributes EUR 150 million to FORVIA's net debt reduction.

- Type: Acquisition
- Announced: 2023-08-24
- Where: France
- Value: $162.0M (150.0M EUR)
- Status: completed
- Products: hydrogen fuel cell systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Stellantis](https://endata.com/companies/7966.md) (acquirer)
- [Michelin](https://endata.com/companies/13430.md) (partner)
- [Symbio](https://endata.com/companies/37933.md) (target)
- [FORVIA](https://endata.com/companies/66110.md) (partner)

## Sources

- [forvia.com](https://www.forvia.com/en/press/forvia-welcomes-stellantis-entry-symbios-capital-alongside-its-long-standing-partner-michelin), 2023-08-24: "FORVIA confirms the sale of part of its shareholding in Symbio to Stellantis, completed on July 27."

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