Faurecia announces acquisition of Hella GmbH

Creating the seventh largest global automotive supplier

Faurecia announces that it has completed today the acquisition of a controlling interest in Hella GmbH & Co. KGaA ("Hella"). A dedicated Faurecia subsidiary to be named in the future Faurecia Participations GmbH will hold 80% of the capital of HELLA GmbH & Co. KGaA. Closing of the transaction follows approval by the relevant antitrust and regulatory authorities.

FORVIA: global leader with strong positions in all automotive domains

With its 6 business divisions and 24 product lines covering all automotive domains, FORVIA combines the complementary technological and geographical footprints of Faurecia and HELLA. With sales of €23 billion in 2022, around 64% generated outside Europe, FORVIA positions itself as the 7th largest global automotive supplier.

A world-class supplier to the automotive industry

By combining their cutting-edge technologies and expertise, Faurecia and HELLA will consolidate their positions in three growth businesses: electronics, software, and sensors. With over 150 production sites and 80 R&D centers, the Group will provide unique value to all its customers thanks to a simplified, more efficient, and customer-focused organization.

Strong management team to lead the combined Group

The Board of Directors of FORVIA will be chaired by Patrick Koller, former CEO of Faurecia, while Michel Favre will be appointed CEO. The Management Board will comprise eight members, including 4 former members of the HELLA Management Board.

A new global player is born

FORVIA's mission will be to contribute to the safe, sustainable, and smart mobility of the future. The Group will be fully dedicated to its customers providing them with unparalleled value while continuing to develop innovative and customer-centric solutions.