FAURECIA completes HELLA acquisition

Transaction creates seventh largest automotive supplier worldwide

FAURECIA completes HELLA acquisition

FAURECIA has successfully completed the acquisition of HELLA, the lighting and electronics specialist, after receiving all the necessary regulatory approvals.

FAURECIA acquired a total of 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 that ended on 11 November 2021.

The transaction creates the seventh-largest automotive supplier worldwide and a global market leader in high-growth technology fields.

HELLA CEO Dr. Rolf Breidenbach, said: “”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 had 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.”

In the course of the closing, the takeover offer has been settled accordingly and the offer price of €60.00 per HELLA share has today been instructed for payment to the shareholders of HELLA who tendered their shares under the takeover offer.

The former pool shareholders of HELLA hold a stake in FAURECIA of approx.

Nine per cent and have become the largest shareholder of FAURECIA.

Against this background, the appointment of a family pool representative to the FAURECIA Board of Directors will be proposed at the next FAURECIA shareholders’ meeting.

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