trending Market Intelligence /marketintelligence/en/news-insights/trending/uRu9B1GJLSBebyeM6IdC_A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Faurecia to buy out SAS joint venture from Continental for €225M

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Faurecia to buy out SAS joint venture from Continental for €225M

French auto-parts maker Faurecia SE said Oct. 14 that it will buy out the remaining 50% of its SAS Autosystemtechnik GmbH & Co.KG joint venture from Germany's Continental AG for €225 million.

The two companies formed SAS in 1996. SAS, which manufactures cockpit modules for vehicles, employs 4,490 people in 19 facilities in Europe, North America and South America. It counts major carmakers among its clients, including Renault SA, Volkswagen AG, AUDI AG, Fiat Chrysler Automobiles NV, Volvo Car Corp., Tesla Inc., Daimler AG-owned Mercedes Benz and Ford Motor Co.

Faurecia said its takeover of SAS would expand the company's systems integration offer to cover all interior modules, in addition to Faurecia's new product lines including displays, electronics, sensors and thermal management.

In 2019, the joint venture's sales are expected to reach around €700 million and to exceed €1 billion by 2024. Faurecia said the acquisition would be immediately accretive to the group in operating margin, net income and return on capital employed.

"This project would enhance our cockpit systems expertise for the Cockpit of the Future. SAS has a strong growth potential and represents an excellent opportunity for Faurecia strategically and financially," Faurecia CEO Patrick Koller said in a statement.

The deal is expected to close in early 2020, subject to information of employee representative bodies and to the appropriate regulatory approvals.