Faurecia acquires Hella
Faurecia, a leading global player in the automotive industry, has successfully completed the acquisition of lighting and electronics specialist Hella after receiving all necessary regulatory approvals. 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 creates 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,” says 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 says: “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 up front.”