France-based automotive supplier, FAURECIA, has acquired lighting and electronics specialist, HELLA.
FAURECIA acquired a total of approx. 79.5 per cent of the shares in HELLA, including the 60 per cent share package of the HELLA pool shareholders as well as ca. 19.5 per cent as part of the public takeover offer ended on 11 November 2021.
The transaction is reported to create the seventh-largest automotive supplier worldwide and a global market leader in high-growth technology fields.
“We are now opening a new chapter in our corporate history,” said HELLA CEO Dr Rolf Breidenbach.
“Although we will continue to operate as a legally independent company, our new majority shareholder FAURECIA opens up additional opportunities that we would not have on our own.
“By pooling our specific strengths, we will be able to drive change in our industry even better and shape the mobility of tomorrow.”
FAURECIA CEO, Patrick Koller, said: “HELLA and FAURECIA complement each other perfectly, in terms of technologies, customers and markets. We are therefore pleased that HELLA is now part of the FAURECIA Group. This will enable us to serve key future topics even better, and both companies will thus receive additional impetus. Above all, HELLA and FAURECIA are healthy, profitable companies with a strong future. We will therefore work together effectively from day one and immediately address the potential we have identified upfront.”
HELLA is a global, family-owned company listed on the stock exchange, with over 125 locations in some 35 countries.
With currency and portfolio-adjusted sales of €6.5 billion in fiscal year 2020/2021 and more than 36,000 employees, HELLA is one of the world’s leading automotive suppliers. HELLA specialises in innovative lighting systems and vehicle electronics and also develops, manufactures and sells lighting and electronic products for special vehicles.
FAURECIA was founded in 1997. It has 266 industrial sites, 39 R&D centres and 114,000 employees in 35
countries. The business focuses on seating, interiors, Clarion Electronics and clean mobility. In 2020, the
Group reported total turnover of €14.7 billion.