18
April
2017


Share on networks

  • The Japanese electronics giant has increased its share from 49% to 69%
  • Ficosa will become a Global Business division of AIS Automotive Business under Panasonic

Japanese multinational corporation Panasonic has taken over control of the automobile parts group Ficosa. This operation makes the Japanese electronics giant the majority shareholder after increasing its holding from 49% to 69%. The operation hasn’t been finalized yet, as some conditions must still be met, including approval from European authorities.

Panasonic joined the Ficosa International shareholders in June 2015, investing €100 million. This newly announced operation was already laid out in the road map established at the beginning of the alliance between the two companies, signed in June 2015, as the Catalan company explained.

Ficosa is a global provider devoted to the research, development, manufacturing and marketing of safety, connectivity and efficiency systems for the automotive sector. Since 2009, the group has doubled its sales, going from €550 million to €1.112 billion in 2015. It currently employs nearly 10,300 people around the world, nearly 1,000 of which are engineers. The company has also doubled its investment in R&D and now devotes approximately 6.5% of its turnover to this activity.

With this operation, Panasonic aims to speed up development of new technology for vision, safety, efficiency and connectivity solutions (connected cars, driverless vehicles, assisted driving and e-mobility), areas with great potential for growth. Ficosa will become a Global Business Division of AIS Automotive Business under Panasonic, and the R&D center in Viladecavalls will become the group’s global technology hub for connectivity, e-mobility and ADAS (Advanced Driver Assistance Systems).

[20/04/2017]

Share on networks

Related news

Barcelona, primera ciutat de món en participants i quarta en nombre de congressos

News

Barcelona, leading global city in participants and fourth in number of congresses

Catalunya és la segona regió del món en atracció d’inversió tecnològica per al sector de la salut digital

News

Catalonia ranked second among global regions for attracting tech investment in digital health sector

Barcelona se situa com la millor ciutat d’Europa per a la inversió immobiliària en residències d’universitaris

News

Barcelona ranked best city in Europe for real estate investment in student accommodations

L'alemanya Siemens obrirà nova seu al districte tecnològic 22@ el mes d’octubre

News

Germany’s Siemens to open new headquarters in Barcelona’s 22@ tech district this October

Barcelona Catalonia
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.