Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

M. 9629 - Faurecia/SAS

SECTION 1.2

Description of the concentration

Faurecia is a French automotive supplier active in the development, manufacture, and supply of components for passenger cars and commercial vehicles. Its four main business areas are seating, interiors, clean mobility (including solutions to reduce emissions and improve energy efficiency and acoustic performance), and electronics (in-vehicle infotainment, human machine interfaces and connectivity).

SAS Automotive Systems is a jointly-controlled business owned by Faurecia and Continental (another automotive component supplier), specializing in the assembly of cockpit modules for passenger cars and commercial vehicles. SAS manages the cockpit assembly process, ensuring efficient and timely delivery of cockpit modules to customers.

The notified transaction consists in the acquisition by Faurecia of the 50% share capital of SAS Automotive Systems currently held by Continental. As a result, Faurecia will become the sole owner and controller of SAS Automotive Systems.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

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