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Faurecia launches fourth business group Faurecia Clarion Electronics

Auto News - Published on Tue, 02 Apr 2019

Image Source: acquia-sites.com
Faurecia announces the official launch of its fourth Business Group Faurecia Clarion Electronics, based in Saitama, Japan. Faurecia announced on October 26, 2018 a project to acquire the Japanese company Clarion. On March 28, 2019 Clarion became a wholly-owned company of Faurecia. The new Business Group, Faurecia Clarion Electronics, combines Clarion with Faurecia’s previous acquisitions of Parrot Automotive and Coagent Electronics.

With 9,000 people including 1,650 engineers, this new Business Group will generate over €2 billion of sales by 2022. Significant synergies are confirmed through leveraging the combined product offer and the complementary customer, geographic and industrial footprints.

Atsushi Kawabata is appointed Executive Vice President of Faurecia Clarion Electronics and joins the Faurecia Executive Committee. He was previously President and Chief Executive Officer of Clarion.

Jean-Paul Michel is appointed Deputy Executive Vice President of Faurecia Clarion Electronics also based in Saitama. He was previously Finance Vice President of Faurecia Interiors.

Source :

Posted By : Rabi Wangkhem on Tue, 02 Apr 2019
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