* France's Faurecia in agreement to buy EMCON
* EMCON Technologies had 2008 sales of 2.4 bln euros
* Faurecia to issue shares to fund deal
* Deal to be accretive for Faurecia
PARIS, Nov 2 (Reuters) - French car parts group Faurecia has signed a deal to buy EMCON Technologies, a U.S. company with 2008 sales of 2.4 billion euros ($3.6 billion) and a key presence in the fast-growing market for clean emissions vehicles.
"This deal is in line with our company strategy introduced in February 2009. It reinforces our leading position on the market for emissions control technologies, which will boast strong growth over the coming years," Faurecia Chairman and Chief Executive Yann Delabriere said in a statement.
Faurecia said it would fund the EMCON deal by issuing 20.9 million new Faurecia shares. The acquisition is expected to be closed early next year. The company did not say how much it was paying for EMCON.
The French company added it expected the acquisition to generate annual synergies of around 60 million euros and to be accretive for Faurecia's earnings from the 2011 fiscal year onwards.
French car manufacturer PSA Peugeot Citroen will remain Faurecia's controlling shareholder following the completion of the EMCON acquisition, with PSA Peugeot holding 57.4 percent of Faurecia's capital.
Faurecia raised its forecasts last month despite posting a 21 percent drop in third-quarter sales, saying it now felt more optimistic about the second half of the year.
Faurecia shares closed down 8.6 percent at 13.21 euros on Friday, giving the company a market capitalisation of around 1.2 billion euros. ($1=.6746 Euro) (Reporting by Sudip Kar-Gupta; Editing by Jon Loades-Carter)