designLED Products acquired by Faurecia
LED lighting technology company, designLED Products, has announced that it has been acquired by Faurecia for an undisclosed sum.
Based in Livingston, Scotland, designLED has developed a range of advanced, flexible technologies that are intended for automotive lighting and human machine interface (HMI) applications.
“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.”
Finalising the deal, designLED CEO, Stuart Bain, commented, “This is a hugely important and exciting milestone in the evolution of designLED. 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.”
He added, “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 entire designLED team will transfer to Faurecia and will continue to develop its technology from its base in Livingston.