Faurecia submits purchase offer for Clarion in pursuit of cockpit electronics leadership

October 26, 2018 // By Christoph Hammerschmidt
Automotive supplier Faurecia SA (Nanterre, France) has reached binding agreements with Clarion and its major shareholder Hitachi, for a tender offer to acquire 100% of the shares of Clarion. With this measure, Faurecia is pursuing the goal of becoming one of the leading suppliers of cockpit electronics.

Clarion, of which Hitachi owns almost 64 percent of the shares, is a Japanese supplier of in-vehicle-infotainment (IVI) and full digital audio systems, HMI and advanced driver assistance systems, connectivity and cloud-based services. With its core competences in electronics and software integration, the acquisition would significantly reinforce Faurecia's offer for cockpit systems integration.

As part of the transaction, Faurecia and Hitachi Automotive Systems have also reached an agreement for a business alliance within which Clarion and Hitachi Automotive Systems would be able to combine their product offers to propose unique autonomous driving solutions to OEMs.

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