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Ficosa and Panasonic Start Capital and Business Alliance 2015.07.04

Barcelona, Spain and Osaka, Japan - July 01, 2015 - Ficosa International, S.A. (Headquarters: Barcelona, Spain, CEO: Javier Pujol) and Panasonic Corporation (Headquarters: Osaka, Japan, President: Kazuhiro Tsuga) announced their agreement on a capital and business alliance on September 30th, 2014. Since various conditions, including approval from competent anti-trust authorities, have been fulfilled, Panasonic have completed investment in Ficosa and transfer of shares from Ficosa on June 30th. As a result of a synergy of the alliance, both companies will facilitate the quick launch of electronic mirror systems business, they will also expand a business alliance in the ADAS (Advanced Driver Assistance System) area in the future and connected infotainment systems through the Invehicle telematics unit.

Panasonic Corporation Head Office, Kadoma City, Osaka, Japan.
Courtesy of Panasonic
 

Barcelona, Spain and Osaka, Japan - July 01, 2015

Ficosa International, S.A. (Headquarters: Barcelona, Spain, CEO: Javier Pujol, “Ficosa”) and Panasonic Corporation (Headquarters: Osaka, Japan, President: Kazuhiro Tsuga, “Panasonic”) announced their agreement on a capital and business alliance on September 30th, 2014.

Panasonic Corporation Head Office, Kadoma City, Osaka, Japan - Interior.
Courtesy of Panasonic
 
Since various conditions, including approval from competent anti-trust authorities, have been fulfilled, Panasonic have completed investment in Ficosa and transfer of shares from Ficosa on June 30th.

Panasonic Corporation Head Office, Kadoma City, Osaka, Japan - Interior.
Courtesy of Panasonic
 
Then, Panasonic is participating in Ficosa’s management, and Ficosa and Panasonic start a business alliance.

Panasonic Corporation Head Office, Kadoma City, Osaka, Japan - Interior.
Courtesy of Panasonic
 
Through this capital and business alliance, Ficosa and Panasonic will accelerate the fusion and further evolution of the ‘Comfort’ and ‘Safety’ areas which is indispensable for the next generation cockpit systems, an area that shows great potential for growth.

Ficosa Advanced Communications & Fractal Technology.

Courtesy of Ficosa
 
As a result of a synergy of the alliance, both companies will facilitate the quick launch of electronic mirror systems business, they will also expand a business alliance in the ADAS (Advanced Driver Assistance System) area in the future and connected infotainment systems through the Invehicle telematics unit.

Ficosa is supplier and technological partner for the majority of the vehicle manufacturers throughout the world.
Courtesy of Ficosa
 
Panasonic has taken a 49% stake in Ficosa, and is planning to send four directors as Ficosa’s members of the board for participating in its management this time.

Ficosa Global
Courtesy of Ficosa
 
Both of the companies continue discussions about strengthening their capital, business and technological partnership in the future.

Outline of Companies
Courtesy of Panasonic
 

About Ficosa


Ficosa has its headquarters in Barcelona, and it is one of the top-tier global provider dedicated to research, development, production and sales of safety, communication and efficiency systems for the automotive industry.

 
 
Founded in 1949 and committed to innovation, development and human values, Ficosa currently has nearly 8700 employees in 18 countries in Europe, North and South America and Asia, having consolidated sales of 949 million Euros in December 2014.

Ficosa Group Operational Headquarters, Barcelona, Spain.
Courtesy of Ficosa
 
Rear-vision systems (interior/side mirror) are Ficosa's main, globally renowned business, as recognised by the main OEMs worldwide.

URL: http://ficosa.com/  


About Panasonic


Panasonic Corporation is a global company that offers solutions to customers in 4 business fields (Residence, Non-Residence, Mobility and Personal Use) through the development and commercialization of electronic products.

 
 
Since 1918, Panasonic has developed its business globally, having consolidated net sales of 7,736.5 billion yen in March 2014.

It has more than 500 companies worldwide.

Panasonic Center, Tokyo, Japan.
Courtesy of Panasonic
 
Panasonic pursues a value creation with synergies of a variety of own development technologies, providing “A Better Life, A Better World” for each costumer throughout the world.

URL: http://www.panasonic.com/global  


For more information:

Ficosa

Communication Department
Tel: +34-93-2320044

Oscar Iniesta

oiniesta@arenalia.com  
+34 609751845

Mònica Acero

macero@arenalia.com  
+34 615075981

Panasonic Corporation

Brand Communication Division
Public Relations Group
Tel: +81-6-6908-0447 (Osaka);
+81-3-3574-5661 (Tokyo)


Sources:

Ficosa

http://ficosa.com/  

Panasonic

http://news.panasonic.com/global/  



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