Faurecia is to buy the German assets of parts manufacturer Plastal to boost its presence in Europe’s biggest auto market.

The French partsmaker, a unit of PSA Peugeot Citroen, said the deal would cost between EUR22m and EUR33m (USD31-46m), depending on adjustment mechanisms to be decided when the transaction closes.

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Faurecia added that its acquisition of Plastal Germany – with six industrial sites and a research centre – would increase its industrial footprint and research and development capacity in the country.

Faurecia chief executive Yann Delabriere said: “This acquisition [will affect] the operational margin as early as 2010. It takes place at a very reasonable cost and with no significant increase of Faurecia’s debt.”

The acquisition also strengthens ties with customers such as Ford, Audi, Daimler, BMW and Porsche.

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