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.
In 2017, Michelin stated that hydrogen “ticks all the boxes” for its vision of sustainable mobility. The company’s activities in this area are now moving forward with the signing of a Memorandum of Understanding to create a new joint venture that will bring together all of Michelin’s fuel cell related activities, including its subsidiary Symbio, with those of automotive parts manufacturer Faurecia.
Hella, the lighting and electronics specialist, and the French technology supplier Faurecia will cooperate in a strategic partnership for the development of innovative interior lighting solutions. Within this cooperation, the companies will jointly develop lighting solutions with high-technology content in the area of surface and dynamic-lighting for a comprehensive, personalised cockpit environment.