Scottish flexible LED designer in automotive deal
designLED, founded in 2004 and based in the Alba Centre in Livingston, develops flexible technology for automotive lighting and human machine interface (HMI) applications. Headquartered in Nanterre, France, €15bn Faurecia has 266 industrial sites, 39 R&D centres and 114,000 employees in 35 countries and includes Clarion Electronics, the former divison of Hitachi. Customers include Volkswagen, Ford, Peogeot and Toyota.
The entire designLED team will transfer to Faurecia and will continue to develop its technology from its current base.
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“This is a hugely important and exciting milestone in the evolution of designLED,” said Stuart Bain, CEO designLED in Livingston. “In recent years we have established the company as a leader in automotive lighting and HMI innovation, building a reputation based not only on an extensive technology and intellectual property portfolio, but also the highly skilled and energetic team, which is already delivering ground-breaking lighting solutions to international OEM and Tier 1 customers.”
“Looking to the future, the designLED team will be able to utilise Faurecia’s global reach, international customer base and world-class engineering and manufacturing skills to accelerate adoption of our differentiated display and back-lighting technology. The management team and employees are excited to move forward at pace under this new ownership.”
“designLED’s advanced technologies and team will enrich Faurecia’s display technologies ecosystem” said Edouard da Silva, displays global product line director at Faurecia Clarion Electronics. “Immersive experiences are fast becoming a defining factor in mobility, and through the acquisition of designLED we aim to strengthen Faurecia’s unique positioning in cockpit user experiences.”
“The outstanding designLED team has created an impressive portfolio of lighting technology which will be a real asset to Faurecia and its Clarion Electronics activity. Having supported designLED’s growth we are excited to see how it develops under the global stewardship of Faurecia,” said Jan Robertson, Interim Director of Growth Investments at Scottish Enterprise which backed the company.
www.faurecia.com; designled.com/
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