Management has agreed with Hitachi and Clarion to buy the latter. Hitachi currently controls 63.8% of Clarion, a Japanese supplier of in-vehicle-infotainment and digital audio systems. The purchase price is €1.1bn for revenue of €1.4bn. According to management, this translates into a Price/EBITDA of 5.7x. As Clarion did not show any sizeable amount of net debt at the end of March 2018 (c. €79m), the EV/EBITDA multiple is comparable.
26 Oct 2018
Faurecia buys into cockpit electronics
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Faurecia buys into cockpit electronics
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
26 Oct 2018 -
Author:
Hans-Peter Wodniok - Pages:
Management has agreed with Hitachi and Clarion to buy the latter. Hitachi currently controls 63.8% of Clarion, a Japanese supplier of in-vehicle-infotainment and digital audio systems. The purchase price is €1.1bn for revenue of €1.4bn. According to management, this translates into a Price/EBITDA of 5.7x. As Clarion did not show any sizeable amount of net debt at the end of March 2018 (c. €79m), the EV/EBITDA multiple is comparable.