Monday, October 25th
Ixellion to acquire 70% of the capital
of Faurecia Automotive Composites
Luxembourg, October 25, 2021 - Ixellion today announces that a process has been initiated to acquire a majority stake of 70% of the capital of Faurecia Automotive Composites (FAC). Closing should be completed during Q1 2022.
Ixellion is a technology group with over 2 billion of assets that promotes ambitious and sustainable industrial programs in the transportation and construction sectors, based on innovative materials and breakthrough technologies, with the aim of responding to the challenges our world is facing. It currently operates in nanostructured composites materials, materials end-of-life, electric motors, and advanced R&D programs.
This agreement will support Ixellion’s ambition to become a European and global leader in high-tech materials. The integration of Ixellion’s technologies and patented innovative materials with FAC’s know how and efficient industrial footprint will accelerate the development of Ixellion’s business model for composites in key sectors like aerospace and rail, in addition to automotive. The dynamism of FAC ‘s growth process already allows to forecast a revenue increase by 70% within 2023. This trend will be boosted by additional market access and technological innovation brought by Ixellion. FAC currently employs 276 people in France, over two industrial sites and one R&D center.
As a responsible player, Ixellion has committed not to impact on jobs, contracts, collective status, and current industrial footprint of FAC.
Faurecia will support Ixellion’s project by retaining 30% of the capital of FAC at least until January 1, 2025.
About Ixellion
Ixellion is a technology group that promotes the development of innovative materials – with a focus on multi-functional nano-structured composites – as well as the implementation of breakthrough technologies in the aeronautical, railway, automotive and construction sectors, with the aim to create sustainable industrial programs, from blueprint to end of life. The Company’s strategy is to deliver long-term profitable growth and value creation based on 4 key pillars: inorganic growth through acquisitions, organic growth of its newly acquired subsidiaries, investment in the development of revolutionary materials and technologies, re-investment of excess cash flows both in inorganic and organic growth initiatives to drive a “compounding effect”. Founded in 2016, Ixellion is headquartered in Luxembourg and has subsidiaries in Italy and UK. As at 31.12.2020, the Company has grown into a group with assets of over €2.2 billion.
About Faurecia
With 266 industrial sites, 39 R&D centers and 114,000 employees in 35 countries, Faurecia is a top ten global automotive supplier. Faurecia’s mission is to develop technologies for sustainable mobility and to create personalized experiences for the “Cockpit of the Future.” They also offer solutions to meet the challenges of future generations in line with their convictions. As a global leader in automotive technology, Faurecia provides innovative solutions to automotive challenges across five activities and four business groups: Faurecia Seating, Faurecia Interiors, Interior Modules and Faurecia Clarion Electronics and Faurecia Clean Mobility. These activities develop technologies for future mobility and provide cost competitiveness and operational excellence across the value chain to achieve total customer satisfaction. Today, Faurecia is on the process of acquiring the German group Hella, which will create the 7th largest global automotive supplier.
Ixellion Press contact
Jérôme Bloch: relations@ixellion.com (+352 621 264 416)
Contact Jérôme for high-resolution photos, articles or to set up an interview with Antonio Sedino, founder of Ixellion.