Lumax Auto Technologies has acquired the remaining 15.97% stake in Spain-based FAE, bringing the sensor manufacturer under complete control.
The transaction finalizes a strategic consolidation for the Indian auto components group, which reported record financials for fiscal year 2026.
FAE specializes in oxygen sensors and ceramic sensing technologies critical for engine management and exhaust after-treatment systems.
By taking full ownership, Lumax integrates these capabilities directly into its supply chain, potentially streamlining operations and capturing greater value from its European technology base.
The move comes as Lumax navigates a challenging environment in its home market.
The company posted record revenue of ₹4,870 crore, with EBITDA reaching ₹705 crore and net profit at ₹337 crore for FY26.