Ficosa International, S.A.
-The Company is a manufacturing group headquartered in Spain involved in the research, development, production and marketing of vision, safety, connectivity and efficiency systems for passenger, commercial, and industrial vehicles. The Company primarily focuses on rear-vision systems such as interior mirrors and side mirrors.
-The Company is comprised of seven business units:
- Rear-View Systems
- Command & Control Systems
- Underhood Systems
- Advanced Communications
- Electromobility Systems
- ADAS Systems
- Door & Seat Systems
Ficosa becomes consolidated subsidiary of Panasonic
-In September 2014, the Company and Panasonic Corporation signed an investment agreement to enter into a capital and business alliance. Under the agreement, Panasonic Corporation will take a 49% stake in the Company. According to an article in the Nikkei, Panasonic will invest between JPY 20 billion and JPY 30 billion in the transaction. The two companies plan to combine their expertise to accelerate the development of advanced automotive electronic mirrors and Advanced Driver Assistance Systems. The transaction was completed on June 30, 2015.
-In March 2017, Panasonic announced that it will increase its stake in the Company. Panasonic currently has a 49% stake in Ficosa International, and will acquire an additional 20% stake. After the Company becomes a consolidated subsidiary of Panasonic, the two companies will strengthen cooperation and intensify their efforts for business expansion in high growth areas like next-generation cockpits and advanced driver assistance systems. (From an article in the Nikkan Jidosha Shimbun on March 22, 2017)
-In July 2017, Panasonic Corporation completed its acquisition of an additional 20% stake in the Company. Panasonic now owns 69% of the Company’s issued shares, making the Company its consolidated subsidiary retroactive to April 2017. The Pujol Family owns the remaining 31% as an industrial partner.
-Exterior rear-view mirrors
-Rear-view mirrors with light signals
-Integrated antennas in rear-view mirrors
-Interior rear-view mirrors
-Intelligent rearview monitoring systems (IRMS)
-Rear-view mirrors for trucks
-Rear-view mirrors for buses
Advanced communications systems
- Window integrated antennas
- Sunroof integrated antennas
- Composite roof integrated antennas
- Windshield integrated antennas
- Spoiler integrated antennas
-Short range antennas
-Telematic control units
-Smart connectivity modules with wireless and ethernet connections
-Lane departure warning
-Lane change assistant
-Blind spot detection systems
-Parking assist vision systems
-Traffic sign recognition systems
-Vehicle recognition systems
-High beam assist systems
-Stereo obstacle detection systems
-Backover protection systems
-Crossing traffic systems
-Rear end collision warning systems
-Embedded overlays for camera monitoring systems
-Megapixel camera for surround view and mirror replacement applications
-TotalVision blind spot detection system for commercial vehicles
-Somnoalert driver state monitoring system
-Battery pack systems
-Battery management systems
Command & control systems
-Automatic gearshift systems
-Manual gearshift systems
-Parking brake systems
-Parking brakes with automatic release
-Windshields and headlamp washer systems
-HotWasher - heated windshield washer circuit
-Extendable washer fluid tanks
-Telescopic nozzle systems
-Air induction systems
-Cabin air canalization tubes
Door & seat systems
-Front seat driver user interface
-Lumbar support systems / Suspension mats
-Lumbar and lateral support
-Door latch mechanism with cables
-Roof opening systems with cables
-Hood opening systems with cables
|1949||Mr. Jose M. Pujol and Mr. Jose M. Tarrago found the Company Pujol y Tarrago specializing mainly in the manufacture of control cable spare parts.|
|1974||The Holding Company, Serco, S.A., was created, and two years later it changed its name to Ficosa, S.A.|
|1983||Factories were opened in El Burgo de Osma (Soria)|
|1987||The Holding Company Ficosa, S.A. changed its name to Ficosa International, S.A.|
|1988||Established Ficosa International GmbH (Germany), Ficosa International S.A. (France), Ficosa International, Ltd. (UK) and Ficosa International, S.R.L. (Italy)|
|1989||Acquisition in France of Maurice Lecoy, S.A.|
|1991||Established Fico Cipa, S.A.R.L. in France.
Fico Triad was founded for the research, development and production of gearshift systems for automobiles.
|1992||Established Ficosa International, Lda. in Portugal.|
|1993||Created the first company in the American continent, Ficosa North America, S.A. de C.V., located in Mexico.|
|1996||Established Ficosa North America Corporation in the United States.|
|1997||Established Ficosa do Brasil and Ficosa Argentina.
Established Tata Ficosa Automotive Components in India.
|1999||Purchased of the company in Germany, Metallwarenfabrik Wilke, a factory producing mirrors for buses and industrial vehicles.|
|2000||Signed a cooperation agreement with Japanese groups Uni Flex and Otsuka Koko.|
|May 2000||Reached a purchase agreement with the rear view mirror division of the Italian-based company Magneti Marelli, which belongs to the Fiat Group.|
|Nov. 2000||Acquired a 50% stake in the components manufacturer Fico-Cipa (France).|
|2002||Established a joint venture in China with Shanghai Benyuan.
The Company and Fractus established Advanced Automotive Antennas (A3), a joint venture.
|2004||Established Ficosa International (Shanghai) Automotive Components Co., Ltd.
Opened its new Technological Center in Barcelona (Spain).
|2005||Inaugurated its second production plant in India with Tata.
Acquired Advanced Automotive Antennas (A3) shares from Fractus.
|2006||Established a technical center and a manufacturing facility in China|
|Sep. 2006||Inaugurated its new plant in Poland. At the Dabrowa Gornicza plant, the Company manufactures exterior and interior rear-view mirrors, gear shift levers, parking brake levers and tanks.|
|2007||Inaugurated its third production plant in India with Tata.|
|Feb. 2007||Strategic alliance with Zavod Avtocomponent of Russia|
|Apr. 2009||Established a joint venture company "ADASENS Automotive GmbH" with Omron.|
|2011||Acquired U.S. rear view mirror manufacturer, Camryn Industries LLC.|
|2013||Divested 50% stake in ADASENS Automotive GmbH, a supplier of image recognition technologies, to Denso Corporation.|
|Sep. 2014||Signed an investment agreement with Panasonic Corporation to enter into a capital and business alliance. Under the agreement, Panasonic Corporation will take a 49% stake in the Company.|
|Jun. 2015||Completed transaction in which Panasonic Corporation acquired a 49% stake in the Company.|
Supplemental Information 1
>>>Business Report up until FY ended Dec. 31, 2010
>>>Business Report up until FY ended Dec. 31, 2014
Note: A figure in brackets ( ) indicates a loss