Global automotive supplier Hella, which operates under the umbrella brand FORVIA, has agreed the sale of its 33.33 per cent stake in HBPO Beteiligungsgesellschaft mbH (“HBPO”) to its co-shareholder, Plastic Omnium. The agreed purchase price amounts to 290 million euros. The transaction is subject to customary regulatory approvals, but closing is expected in the fourth quarter of 2022.
Following the successful takeover of Hella by Faurecia, the two companies made their first joint appearance at an automotive trade fair under the new, overarching umbrella brand Forvia. Hella and Faurecia, with around 150,000 employees, form the seventh-largest automotive supplier worldwide and one of the global market leaders in high-growth technology fields. At this year’s Automotive Engineering Exposition, which took place in Yokohama, Japan, from 25 to 27 May 2022 and is one of the leading industry trade fairs in the Asian region, they presented technologies for a safe, sustainable, advanced and customised mobility as part of a joint stand concept. The approximately 100 square metre stand was designed in the stylistic colours blue and white, which characterise the new brand identity of the Forvia umbrella brand. In total, around 1,000 customers, business partners and other guests visited the Forvia stand.
We visited Hella UK’s headquarters to hear about the official launch of the latest “trilogy” of Hella Gutmann Solutions (HGS) mega macs diagnostics and ADAS products. But since the news that Hella and Faurecia are joining forces was announced on 1 February, and since, as a result we now know the firms will use the umbrella brand Forvia moving forward, let’s begin with the latest details on the integration.
Following the news that HELLA and Faurecia are joining forces, the two automotive suppliers have announced that they will be operating jointly in the aftermarket. This means that Faurecia products will soon also be available through HELLA’s aftermarket division. By bundling activities, not only do customers benefit from a comprehensive range of services, but above all from a significantly expanded product spectrum.
Hella
Hella
Chris Anthony, Tyre Industry Publications Ltd
Forvia