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. The transaction enables designLED to utilise Faurecia’s global reach, international customer base and world-class engineering and manufacturing skills while its advanced technologies and team will enrich Faurecia Clarion Electronics’ display technologies ecosystem.
designLED is an innovative technology company designing, developing and manufacturing ultra-thin, flexible and homogeneous LED light tiles for the automotive industry. 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 has 266 industrial sites, 39 R&D centers and 114,000 employees in 35 countries and 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.