Aquin Advises:
On The Sale To:
Key Terms
| > | Effective June 4, 2021, the Tier-1 automotive supplier Faurecia (France), acquired 100 percent of the shares in designLED Products Ltd. (Scotland). |
| > | Aquin was exclusively appointed by designLED and its shareholders to manage the M&A process. |
| > | designLED, based in Edinburgh, is specialized in advanced backlighting technologies. Its offer is built on a rich intellectual property portfolio as well as advanced modelling and simulation capabilities. Its flexible, energy-efficient backlighting technologies can be adapted to virtually any automotive surface, including complex displays and interiors. |
| > | Stuart Bain, designLED CEO, says: “This is a hugely important and exciting milestone in the evolution of designLED. Looking to the future, the designLED team will be able to utilise Faurecia’s global reach, international customer base and world-class engineering and manufacturing skills to accelerate adoption of our differentiated display and back-lighting technology.” |
| > | Edouard da Silva, displays global product line director at Faurecia, comments: “designLED’s advanced technologies and team will enrich Faurecia Clarion Electronics’ display technologies ecosystem. Immersive experiences are fast becoming a defining factor in mobility, and through the acquisition of designLED we aim to strengthen Faurecia’s unique positioning in cockpit user experiences.” |
designLED
| > | designLED is an innovative technology company designing, developing and manufacturing ultra-thin, flexible and homogeneous LED light tiles for the automotive industry. |
| > | The company has developed a unique patented light optics and human machine interface technology that is radically transforming automotive lighting at a consumer, application and manufacturing level. |
| > | The mission is to enable cost-effective, differentiated and highly attractive, large area backlighting and smart (dynamic and touch-reactive) surfaces in automotive interiors. |
Faurecia
| > | Founded in 1997, Faurecia has grown to become a major player in the global automotive industry. |
| > | With 266 industrial sites, 39 R&D centers and 114,000 employees in 35 countries, Faurecia is a global leader in its four areas of business: seating, interiors, Clarion Electronics and clean mobility. |
| > | The Group’s strong technological offering provides carmakers with solutions for the cockpit of the future and sustainable mobility. |
| > | In 2020, the Group reported total turnover of EUR 14.7 billion. Faurecia is listed on the Euronext Paris market and is a component of the CAC Next 20 index. |