News - General News - PartsSeating supplier Futuris sold to AdientCabin crew: Futuris’ focus has moved from local car-makers to global giants such as Tesla Motors, for whom it supplies a variety of seating systems including the radical ‘monopost’ second row in the Model X. Futuris’ Australian ties loosen further as Clearlake sells to Adient for $US360m28 Sep 2017 By TERRY MARTIN - Global automotive seating giant Adient this week announced it had completed its acquisition of the Futuris Group in a $US360 million ($A460m) deal struck with Clearlake Capital Group, the US private equity firm which has spent the past four years restructuring Futuris from an Australian supplier to a global enterprise with few remaining links to its home base. - Clearlake announced in August that it had made a “definitive agreement” to sell Futuris to Adient after claiming to have executed “a successful restructuring of its operations to transition from an Australian-focused supplier to a global operator with differentiated capabilities and profitable relationships with leading global automotive OEM customers”. Click here for full story: Seating supplier Futuris sold to Adient The Road to Recovery podcast series![]() Read more22nd of November 2016 ![]() Futuris boss moves to VisyQuestion mark over Futuris’ local operations as De Wit leaves, new CEO based in US21st of June 2016 ![]() Exclusive: Futuris holds firm on Tesla qualityParts-maker stands by integrity of Tesla Model X seating in wake of US recall21st of June 2016 ![]() Exclusive: Futuris thrives under new ownerFuturis Automotive expansion to take revenue past $1b by 2018 as local work shrinks |
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