Scottish LED lighting technology developer designLED Products has been acquired by equipment supplier Faurecia for an undisclosed sum. The Livingston-based company has developed advanced, flexible technology which it says is suited to a growing range of automotive lighting and human machine interface (HMI) applications.
Finalizing 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 groundbreaking lighting solutions to international OEM and Tier 1 customers.
“Looking to the future, the designLED team will be able to utilize 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.”
Edouard da Silva, displays, global product line director, Faurecia Clarion Electronics, noted, “designLED’s advanced technologies and team will enrich Faurecia’s display technologies ecosystem. 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 entire designLED team will transfer to Faurecia and will continue to develop its technology from its base in Livingston.