FORVIA SE (FORVIA faurecia) (Formerly Faurecia SE)

Company Profile

■URL

https://www.faurecia.com

■Address

23-27 rue des Champs Pierreux, 92000 Nanterre, France

Business Overview

-The Company is a major automotive technology group focused on providing solutions to improve the safety, affordability, customizability, and sustainability of mobility. Its strategy is aligned with the major trends in the current mobility market of electrification and sustainability, automated driving and safety, and digital and sustainable cockpit experiences.

-Following the acquisition of Hella on January 31, 2022, the Company is organized into six business units as follows:

Business Group
Seating		Develops and manufactures complete vehicle seats, seating frames, and seat adjustment mechanisms
Interiors		Develops and manufactures instrument panels, complete cockpits, door panels, center consoles and modules
Clean Mobility		Develops and manufactures exhaust solutions, fuel cell vehicle solutions, zero-emission hydrogen technologies, and aftertreatment solutions for commercial vehicles
Electronics		Develops and manufactures display technologies, driver assistance systems, cockpit electronics, sensors and actuators, automated driving electronics, and energy management systems; Includes HELLA Electronics and Clarion Electronics
Lighting		Develops and manufactures of lighting technologies which includes design lighting and lighting for driver assistance systems
Lifecycle Solutions		Develops and manufactures solutions extending the vehicle lifecycle, special original equipment, spare components, and workshop equipment

-The Company’s four largest customers, consisting of VW, Stellantis, Ford, and Mercedes-Benz, comprised 45.4% of its net sales in the fiscal year ended December 31, 2024, compared to 46.1% in 2023. The acquisition of Hella has significantly diversified the sales of the Company, expanding the percentage of sales to customers outside of the Company’s four largest customers.

Acquisitions and divestitures

-In April 2024, the Company completed the acquisition of Aptoide’s 50% shares in their joint venture, Faurecia Aptoide Automotive.

-On January 31, 2022, Faurecia completed the acquisition of Hella, acquiring a total of 79.5% of the shares in Hella. After the acquisition, the two companies introduced the new company Forvia, which represents the two combined entities. Both companies will keep their legal names under the Forvia name, with products being marketed and distributed under their current brands.

-On October 2, 2023, the Company completed the sale of parts of its commercial vehicle exhaust aftertreatment business in the U.S. and Europe to Cummins.

-On July 31, 2023, the Company completed the sale of the SAS Cockpit Modules division to the Motherson Group.

-On October 31, 2021, the Company sold its Acoustic Soft Trim business to the Adler group from its Interiors segment.

Market share

-As of the fiscal year ending December 31, 2024, the Company’s holds these positions across various automotive markets:

The Company is the global market leader in seat structure systems and is ranked third globally in complete seating systems.
The Company’s Interiors business unit is the global market leader in interior systems and modules.
The Company is among market leaders across multiple automotive electronic market segments including radars, voltage converters, sensors, displays, and in-vehicle infotainment systems.
The Company is the global market leader in the production of ultra-low emissions (ULE) systems for thermal vehicles
The Company is among the top three suppliers globally for automotive lighting solutions.

Shareholders

-The Company is listed on Euronext Paris S.A.

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Products

Seating
-Complete seats
-Frames
-Seating mechanisms and mechatronics
-Foam padding
-Trim covers
-Auraloop sustainable cushioning
-LUMI setback-embedded illumination
-VIBE tactile seating technology
-Seating accessories
-Electronic and pneumatic systems
-On-board seating electronics
-Massage systems
-Recliners
-Seating tracks
-Rotating seats
-Seat-integrated physiological sensors
-Smart seating actuators
-Advanced Versatile Structure seat with integrated safety features including airbags and seatbelts

Clean Mobility
-Complete exhaust systems
-Manifolds
-Tail pipes
-Catalytic converters
-Urea SCRs
-NOx traps
-Diesel particulate filters
-Exhaust heat recovery systems
-Exhaust heat recovery manifolds
-Ammonia storage and delivery systems
-Mufflers
-Adaptive valves
-Battery top covers
-Full battery housing solutions
-Heated dosers
-ASDS de-NOx systems
-Low-pressure exhaust gas recirculation systems for gasoline system
-Compact exhaust heat recovery systems
-Electrically heated catalysts
-Hydrogen storage systems
-Conformable hydrogen tanks
-Smart tank systems
-Fuel cell stack systems

Interiors
-Cockpits
-Instrument panels
-Cross-car beams
-Center consoles
-Decorative trim and components
-Door panels
-Door modules
-Package trays
-Trunk trims
-Acoustic insulation
-Glove boxes
-Voice control systems
-Integrated radiant panels
-COF'Heat combined heating and lighting surface
-Thermal Cocoon ultrathin heated surfaces
-Ecorium sustainable trim materials
-Morphing Instrument Panel which shifts based on vehicle driving mode

Lighting
-Headlamps

Halogen headlamps
Xenon headlamps
LED headlamps
Adaptive front lighting systems (AFS)
Adaptive cut-off line lighting
Vertical cut-off line lighting
Matrix LED headlamps
Front indicator lamps
Work lamps
SSL Micro-LED technologies
Headlamp lens cleaning equipment

-Combination rear lamps

Indirect reflectors
Direct reflectors
Double reflectors
Prism rods
Light curtains
EdgeLight light guides
FlatLight miniaturization lighting technologies on SmartGlass displays
Holographic rear lamps
Glowing elements
Mirror tunnels

-Interior lighting

Interior central lighting systems
Interior lighting and reading lamps
Multifunctional interior lamps
Roof consoles
Ambient lighting systems
Small interior lamps
ISELED
Light Tile technology
Radomes

-Car body lighting

Fog lamps
Daytime running lights
Front combination lamps
Turn indicators
Center high mounted stop lamps
License plate lamps
Rear signal lamps
Marker lights
Light projection systems
Grille illumination systems
Multi-lens array

-Lighting electronics

AFS control units
Power modules
LED control units
Xenon ballasts
Control units for headlamp leveling systems
Sensor-integrated control units for headlamp leveling systems
Electronic lighting control components
Lighting actuators

Electronics
Faurecia-Clarion Electronics products link
-Audio systems

Speakers
Active noise control systems
Exciters for automotive interior sound surfaces to create a speakerless solution
Digital sound tuning systems
Sound and smart headrests with integrated speakers and microphones

-Body electronics

Body control modules
Seat control modules
Interior control units
Closure control units
Trailer tow modules
Passive entry/go systems
Keys and ID transmitters
Access and authorization systems for keyless entry
Smart car access systems
Cockpit domain controllers using SoC architecture
Electric power steering control modules

-Energy management systems

Intelligent battery sensors
Voltage stabilizers
DC/DC converters
Fuel pump control modules
EPS control units
Auxiliary heating modules
Coolant control hubs
High-voltage power boxes
Intelligent power distribution modules
Li-ion battery electronics
Battery management systems

-Driver assistance systems

Lane change assist systems
Rear active safety systems
Rear cross traffic alert
Rear and surround view systems
eMirror Safe UX side and rearview mirror replacement systems
Camera and lidar cleaning systems
Automated parking assist systems
Autonomous pickup solutions
Phygital shields
Distance warning sensors
24 GHz radar sensors
77 GHz radar sensors
Radomes
Near infrared cameras
Driver monitoring systems
Camera software
Traffic Rules Engine software
Biometric sensors
Sensor data fusion systems
AI technologies

-Actuators

Body actuators
Engine compartment actuators
Vacuum pumps
Headlamp cleaning systems
Relays
Horns

-Infotainment and displays

In-vehicle infotainment systems
Rear seat infotainment systems
Quadview multi-view graphical interface
Infotainment systems compatible with virtual personal assistants
HMI systems
Universal remote tuners
Android-based app library
Large display systems up to 1.5 meters in length
Flexible display appearances including flat and curved structures
Color matching display technologies
Advanced backlighting display technologies
Touch-sensitive displays
Force sensing displays
Displays with active and passive haptic feedback technologies
Skyline Immersive LED display at bottom of the windshield
AirVision floating image projection system
Software platform for displays to optimize user experience based on perception and physiology
Optical bonding technologies
Smartphone connectivity systems
Appning automotive apps marketplace

-Sensors

Position sensors
Accelerator pedal sensors
Rain / Light sensors
Oil sensors
Steering torque / Angle sensors
Transmission range sensors
Vehicle level sensors
Throttle position sensors
Shake sensors
Air quality sensors
Climate sensors
Temperature sensors
Solar sensors
Non-contact humidity sensors

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History

Dec. 1997	Ecia, a 68% subsidiary of PSA Peugeot Citroen established in 1929, acquired Bertrand Faure, the largest European seat manufacturer established in 1914.
Jun. 1999	The merger of Ecia and Bertrand Faure was approved at the Extraordinary General Meetings of shareholders of both companies. Renamed as Faurecia.
Oct. 2000	Acquired Sommer Allibert. The deal was financed by the PSA Peugeot Citroen Group, which increased its shareholding in the Company to 71.5%.
2007	Purchased certain assets of Cadence Innovation in France for EUR 0.4 million. Acquired a 50% interest in Romania-based Euro Auto-Plastic Systems srl in the Vehicle Interiors business for EUR 9.4 million. Acquired the 50% interest held by the Duroplast Group in Faurecia Duroplast Mexico for EUR 18.3 million, raising its stake in the company to 100%. Set up three new companies in China in 2007 - Faurecia (Shanghai) Automotive Systems Co. Ltd., Faurecia Wuhan Automotive Seating Co. Ltd. and Faurecia Qingdao Exhaust Systems Co. Ltd. Set up one new company in South Korea, Faurecia Trim Korea Ltd.
2008	Established Faurecia Equipements Automobiles Maroc, in Kenitra, Morocco. Established Faurecia (Wuhu) Exhaust Systems in China Established Faurecia Exhaust System Rayong in Thailand
May 2009	Opened the Global Seat Mechanisms Center in Caligny, France.
2010	Acquired EMCON Technologies LLC, a leading exhaust system supplier in Troy, MI, U.S.A.
2012	Acquired Plastal France (Plastal S.A.S.), the automotive business of Sora Composites, and Saline, currently operated by Ford Motor Company's Automotive Components Holdings, LLC (ACH).
Jul. 2016	The Company divested its Automotive Exteriors business (bumpers and front-end modules) to Plastic Omnium.
Feb. 2017	Invested in TactoTek, a Finnish startup which provides injection molded structural electronic solutions.
May 2017	Invested in STELIA Aerospace Composites to design, industrialize and commercialize high-pressure hydrogen tanks made from carbon fiber for fuel cell vehicles.
Nov. 2017	Finalized acquisition of a majority stake in Jiangxi Coagent Electronics, which will develop in-vehicle infotainment solutions.
Dec. 2017	Invested in Alsentis, a company specializing in capacitive sensor technology and HMI development.
Oct. 2018	Completed acquisition of 100% of Parrot Automotive, changing the name of the entity to Parrot Faurecia Automotive.
Mar. 2019	Completed acquisition of Clarion Co., Ltd., a automotive electronics company providing systems such as navigation, audio, ADAS, driver monitoring and cockpit domain controllers.
Apr. 2019	Integrated Clarion Co., Ltd., with previously acquired Parrot Automotive and Coagent Electronics into the newly formed Clarion Electronics Business Group.
Apr. 2019	Acquired majority stake in Swedish company Creo Dynamics, a company which focuses on acoustics and active noise control solutions.
May 2019	Invested in Israeli company GuardKnox, a cybersecurity solution provider.
Jan. 2020	Completed acquisition of remaining 50% of SAS, a joint venture with Continental focused on development and production of interior modules.
Jul. 2020	Acquired IRYStec Software, a company which has developed a software platform to optimize vehicle displays.
Jun. 2021	Acquired designLED, a company focused on flexible backlighting technologies.
Aug. 2021	Signed agreement with Hella for the business combination of the two companies.
Jan. 2022	Completed acquisition of Hella and formed Forvia, a company representing the combined entities.
Jul. 2023	Completed sale of SAS Cockpit Modules division to Motherson Group.
Oct. 2023	Completed sale of portions of commercial vehicle exhaust aftertreatment business in the U.S. and Europe to Cummins.
Apr. 2024	Completed acquisition of Aptoide’s 50% ownership in the Faurecia Aptoide Automotive joint venture.