EO Faurecia SA

FORVIA AND CUMMINS SUCCESSFULLY COMPLETE DEAL TRANSFERRING FORVIA S COMMERCIAL VEHICLE BUSINESS IN EUROPE AND NORTH AMERICA TO CUMMINS

FORVIA AND CUMMINS SUCCESSFULLY COMPLETE DEAL TRANSFERRING FORVIA S COMMERCIAL VEHICLE BUSINESS IN EUROPE AND NORTH AMERICA TO CUMMINS

NANTERRE (FRANCE)

OCTOBER 02nd, 2023

FORVIA AND CUMMINS SUCCESSFULLY COMPLETE DEAL TRANSFERRING PARTS OF FORVIA’S COMMERCIAL VEHICLE BUSINESS IN EUROPE AND NORTH AMERICA TO CUMMINS 

FORVIA confirms the successful completion of the transaction first announced on 23 May 2023 transferring designated parts of FORVIA’s commercial vehicle exhaust aftertreatment business in Europe and in the United States, for a total transaction value of EUR 199.2 million, to its longstanding partner Cummins.

As part of this transaction, Cummins acquired two plants located in Roermond (Netherlands) and Columbus South (Indiana, USA) as well as their related programs. By integrating this business into its operations, Cummins expands its capabilities in providing innovative solutions for the commercial vehicle industry. 

The decision to transfer this business to Cummins is part of FORVIA’s strategy to focus on ultra-low emission solutions for light vehicles, where it is a leader in the market, and its hydrogen roadmap to bring a comprehensive portfolio of hydrogen storage solutions to market.

The closing of this transaction is the final step in the execution of the €1 billion asset disposal program that FORVIA announced in Q2 2022, which goal was to accelerate the deleveraging of the Group after the acquisition of a majority stake in HELLA.

Attachment



EN
02/10/2023

Underlying

EOFaurecia SA

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Faurecia SA

Si Yong Ng
  • Si Yong Ng
Free Trial
EO FAURECIA SA

Forvia (Formerly Faurecia) - Earnings Flash - FY 2025 Results - Lucror...

Forvia (formerly Faurecia) reported its FY 2025 numbers, held a conference call and hosted a Capital Markets Day yesterday. The results were decent, with EBITDA improving c. 5% y-o-y despite 3% lower revenues. The sales decline was mainly driven by FX headwinds, while organic sales were down 0.1%. Cash-flow performance improved thanks to better earnings and reduced capex​, while reported net leverage dropped to 1.7x. We anticipate a decent FY 2025 performance, with profitability supported by...

02/25/26 February 25, 2026 1 EN
Luis de Toledo Heras
  • Luis de Toledo Heras
NDX1 NORDEX SE
IPS IPSOS
TEMN TEMENOS AG
EO FAURECIA SA
LEI LEIFHEIT AG
POM PLASTIC OMNIUM SE
EVN EVN AG
ITP INTERPARFUMS
ALTA ALTAREA SCA
ATE ALTEN SA
ELG ELMOS SEMICONDUCTOR SE
BB SOCIETE BIC SA
ERA ERAMET SA
GLB GLANBIA PLC
CFEB COMPAGNIE D'ENTREPRISES CFE SA
VID VIDRALA SA
WIE WIENERBERGER AG
ROYAL VOPAK NV
DOKA DORMAKABA HOLDING AG
ENC ENCE ENERGIA Y CELULOSA SA
ROVI LABORATORIOS FARMACEUTICOS ROVI S.A.
FACC FACC AG
NKT NKT A/S
GRE GRENERGY RENOVABLES
VRLA VERALLIA SAS
AG1 AUTO1 GROUP
FI-N GEORG FISCHER AG
02/25/26 February 25, 2026 1 EN
Luis de Toledo Heras
  • Luis de Toledo Heras
NDX1 NORDEX SE
IPS IPSOS
TEMN TEMENOS AG
EO FAURECIA SA
LEI LEIFHEIT AG
POM PLASTIC OMNIUM SE
EVN EVN AG
ITP INTERPARFUMS
ALTA ALTAREA SCA
ATE ALTEN SA
ELG ELMOS SEMICONDUCTOR SE
BB SOCIETE BIC SA
ERA ERAMET SA
GLB GLANBIA PLC
CFEB COMPAGNIE D'ENTREPRISES CFE SA
VID VIDRALA SA
WIE WIENERBERGER AG
ROYAL VOPAK NV
DOKA DORMAKABA HOLDING AG
ENC ENCE ENERGIA Y CELULOSA SA
ROVI LABORATORIOS FARMACEUTICOS ROVI S.A.
FACC FACC AG
NKT NKT A/S
GRE GRENERGY RENOVABLES
VRLA VERALLIA SAS
AG1 AUTO1 GROUP
FI-N GEORG FISCHER AG
02/25/26 February 25, 2026 1 FR
Anthony Dick ... (+2)
  • Anthony Dick
  • Michael Foundoukidis
02/25/26 February 25, 2026 1 EN
Felix Fischer ... (+6)
  • Felix Fischer
  • Haidje Rustau
  • Jayanth Kandalam
  • Peter Low
  • Si Yong Ng
  • Tanvi Arora
Free Trial
TLW TULLOW OIL PLC
EO FAURECIA SA ... (+7)

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Gestamp, Nomad Foods (Iglo), Odigeo, Telecom Italia, Techem, Ahlstrom, Azelis, Tullow Oil, Cirsa, Ardagh Metal Beverage Packaging, Ardagh, Centrient, Ineos, Forvia (formerly Faurecia), Encore Capital (formerly Cabot)

TLW TULLOW OIL PLC
EO FAURECIA SA
EDR EDREAMS ODIGEO SA
TIT TELECOM ITALIA S.P.A.
ARD ARDAGH GROUP S.A. CLASS A
CIRSA CIRSA
AZELIS AZELIS
02/25/26 February 25, 2026 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch