Motherson to acquire SAS Cockpit Modules division from Faurecia for €540m.

Motherson, a diversified manufacturing specialist, agreed to acquire SAS Cockpit Modules division from Faurecia, a French global automotive supplier, for €540m ($577m). "We have successfully developed and positioned SAS as one of the leading global providers of assembly and logistics solutions for the automotive industry. This strong market position is founded on deep technical expertise and strong commitment of the teams. I am convinced that this transaction would unlock additional value for SAS. This would also allow FORVIA to focus on its core business activities developing breakthrough technologies and would fulfill our non-strategic asset divestment program of €1bn by end-2023. By reducing our consolidated net debt following the acquisition of HELLA, we are delivering on our Power25 plan as announced during our last Capital Markets Day in November 2022," Patrick Koller, Faurecia CEO.