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

Faurecia signed a memorandum of understanding to acquire the remaining 50% of its joint venture SAS from Continental for 225 million euros. The joint venture, established in 1996, specializes in assembly and logistics of complex interior modules.

- Type: Acquisition
- Announced: 2024-01-15
- Value: $245.0M (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)
- [Faurecia](https://endata.com/companies/1483.md) (acquirer)
- [SAS](https://endata.com/companies/42683.md) (target)

## Sources

- [haythink.com](https://www.haythink.com/faurecias-acquisition-of-the-remaining-shares-of-the-joint-venture-from-continental-will-enhance-cockpit-r-d-capabilities/), 2024-01-15: "The choice to fully acquire the remaining shares of the joint venture will further Faurecia’s system integration product expansion, which will cover all interior modules and Faurecia’s new product lines such as displays, electronics, sensors, and thermal management."

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