Parrot Automotive

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Faurecia completes purchase of Parrot Faurecia Automotive

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Faurecia today announced that it had completed the acquisition of 100% of Parrot Faurecia Automotive.
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The deal follows the announcement of an agreement between Parrot and Faurecia on July 5 this year regarding Faurecia's proposal to acquire 100% of Parrot Faurecia Automotive.

The transaction is based on an enterprise value of € 100 million, identical to that used when Faurecia entered into the capital of Parrot Automotive in 2017.

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