Faurecia, now operating under the name FORVIA, is a global automotive technology company and supplier. While primarily focused on the automotive sector, producing seating, interiors, and clean mobility solutions, some of their innovative technologies and manufacturing expertise could potentially be transferable to space-related applications. They have a history of working with major automotive manufacturers like VW, Stellantis, and Ford. Faurecia focuses on sustainable mobility and cockpit of the future technologies.
All verified mentions of this organization in source documents.
Faurecia, a company of the FORVIA group, Michelin, and Stellantis signed a binding agreement for Stellantis to acquire a 33.3% stake in Symbio.
Peugeot 1810 owns approximately 3.1% of Faurecia shares.
Faurecia acquired approximately 19.5% of Hella shares as part of the settlement of the public takeover offer that ended on 2021-11-11.
Faurecia acquired 60% of Hella shares from the pool of family shareholders, paid for approximately 52.1% in cash and approximately 7.9% in newly issued Faurecia shares.
Faurecia financed part of the acquisition with its own cash, including proceeds from €1.2 billion of senior sustainability-linked notes due 2027 announced on 2021-11-04 and €700 million ESG-linked Schuldscheindarlehen announced on 2021-12-17.
The combined Faurecia–Hella group has 2025 combined Group sales ambitions of €33 billion ($37,200,000,000).
The total value of Faurecia’s acquisition of Hella, including cash and shares, represents an investment of €5.3 billion ($6,000,000,000).