Finance, Technology / 13/12/2016
Faurecia acquires Amminex to accelerate efficient nitrogen oxide reduction for passenger and commercial vehicles
Faurecia has worked closely with Amminex since mid-2009 and previously owned 42% of the company. At the recent Paris Motor Show, Faurecia showed the Amminex solution for commercial vehicles, as well as an ASDS™ system in a new format for passenger cars. In increasing its participation to 91.5%, Faurecia expects to intensify the development of this technology for both commercial vehicles and passenger cars. Faurecia is also investigating closely other applications of ASDS™, such as for off-road vehicles and high horsepower (HHP) engines used on ships and vessels. The remaining shares are held by the Danish Foundation Nordea-fonden.
Christophe Schmitt, EVP Faurecia Emissions Control Technologies said: “ASDS™ is a breakthrough technology for improving air quality validated in real-driving conditions over millions of kilometers. I am delighted with this increased participation in Amminex as it will enable us to accelerate the deployment of this clean mobility solution for all types of vehicles.”
Amminex employs 50 people at its headquarters in Søborg, near Copenhagen, and its 6,500 m² state-of-the-art production facility in Nyborg. Both Annika Isaksson, Amminex CEO and Tue Johannessen, Chief Technology Officer, who invented the technology and founded Amminex, will remain in their positions to accompany the technology in this new stage of its development.
Finance / 21/07/2017Strong performance in the first half of the year, while building momentum on strategic priorities. Upgraded guidance for the full year+
Strategy, Finance / 27/06/2017
Faurecia Investor Day demonstrates strong profitable growth of its Clean Mobility Business driven by innovation and breakthrough technologiesAt its Investor Day held on 27 June in London, Faurecia focused on Sustainable Mobility+