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New Deal


Announced

Completed

Stellantis completed the acquisition of a 33.3% stake in Symbio from Faurecia and Michelin.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For33%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Alternative Fuels

France

Single Bidder

Friendly

Private

Acquisition

hydrogen

Cross Border

Completed

Synopsis

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Stellantis, an automakers and a mobility provider, completed the acquisition of a 33.3% stake in Symbio, a hydrogen company, from Faurecia, an automotive technology company and Michelin, a tyre manufacturing company. Financial terms were not disclosed. “Symbio’s technical roadmap perfectly matches with Stellantis’ hydrogen roll-out plans in Europe and in the US. This move will foster the speed of development to bring low emission products to our customers, beyond traditional electric vehicles. We’re grateful to the teams at Faurecia, Michelin and Symbio for their commitment to innovation, excellence, and collaboration as we all work to achieve decarbonized mobility,” Carlos Tavares, Stellantis CEO.

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