Ficosa and Panasonic strengthen capital and business alliance to lead the automobile transformation

Panasonic has increased its share in Ficosa by 20% in order to speed the development of key technologies for the future of automotive. With this transaction, Ficosa and Panasonic strengthen their capital and business alliance in order to develop new high-technology vision, safety, efficiency and connectivity solutions (connected cars, driverless vehicles, assisted driving and e-mobility).

Panasonic has increased its share in Ficosa by 20% in order to speed the development of key technologies for the future of automotive in the fields of connectivity, autonomous driving, safety and efficiency

Ficosa, a tier 1 global provider devoted to the research, development, manufacturing and marketing of high-technology vision, safety, connectivity and efficiency systems for the automotive sector, and Panasonic strengthen their capital and business alliance in order to develop new high-technology vision, safety, efficiency and connectivity solutions (connected cars, driverless vehicles, assisted driving and e-mobility), areas with great potential for growth. In addition to promoting the exchange of technology and products, this decision, which has been approved by the Panasonic Board, responds to the will of fostering regional and customer synergies, which bring extraordinary value to the business of both companies.

As a result of this decision, Panasonic’s share in Ficosa International will increase 20%, going from 49% to 69%. The rest of the capital will remain in the hands of the Pujol family, founders of the multinational corporation, who will maintain its current share of 31% through Ficosa Inversión. This operation was already contemplated in the road map set at the beginning of the alliance between both companies, signed on 30 June 2015.

In order to complete the transaction, other general preconditions and conditions need to be met, including obtaining approval from European and other relevant authorities.

The company will continue to be led by the current Ficosa management team, with Javier Pujol as CEO, who will remain in charge of projecting the company as a global leader and of the success of future challenges. Due to this transaction, Ficosa’s Board of Directors will now have 7 members representing Panasonic and 4 members representing the Pujol family.

As a consequence of this new scenario, Ficosa will become a Global Business Division of Panasonic’s AIS Automotive Business. This will make the R&D centre of Ficosa in Viladecavalls (Barcelona, Spain) a technology hub for the alliance in connectivity, e-mobility & ADAS (Advanced Driver Assistance Systems).

Source: https://www.ficosa.com/news/ficosa-panasonic-strengthen-capital-business-alliance-lead-automobile-transformation/
http://news.panasonic.com/global/press/data/2017/03/en170321-6/en170321-6.html

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*