Parrot Faurecia Automotive SAS

The company's trajectory changed in 2017 when Faurecia, a major global automotive equipment supplier, initiated a strategic partnership by acquiring a 20% stake. This partnership was based on a €100 million enterprise value for Parrot Automotive. Faurecia's investment aimed to accelerate the development of Android-based infotainment solutions and an open platform for connected vehicle systems as part of its "Cockpit of the Future" strategy. By September 2018, Faurecia completed the acquisition of 100% of Parrot Automotive, which was subsequently renamed Parrot Faurecia Automotive SAS. Following the acquisition, the entity was integrated into Faurecia's newly formed business group, Faurecia Clarion Electronics, in April 2019, combining its capabilities with Clarion and Coagent Electronics.

Parrot Faurecia Automotive operates as a business-to-business (B2B) supplier, serving prominent car manufacturers such as McLaren, Volvo Cars, and Honda. The business model revolves around designing, developing, and marketing advanced infotainment products for both passenger vehicles and commercial trucks. Its core offerings are sophisticated digital cockpit systems. A key product is the Advanced Cockpit Server, a comprehensive system running on the Android operating system with a Qt-based Human-Machine Interface (HMI) for the digital instrument cluster. This server provides a full suite of features including analog and digital radio, navigation, hands-free telephony, voice recognition, and seamless integration with Apple CarPlay and Android Auto. The company's technology portfolio also encompasses connectivity solutions, speech recognition, and digital TV reception, equipping over 50 million vehicles.