Faurecia and HELLA to emerge a more capable supplier in interior and lighting space
With a larger customer base to tap into and the capability to combine expertise in electronics and software and lighting solutions, the combined entity will be able to develop more value-added products and become an end-to-end solutions supplier of interior/exterior lighting and cockpit technologies
On 31 January 2022, Faurecia announced that it completed the acquisition of a controlling interest in HELLA GmbH & Co. KGaA; the deal was announced on 14 August 2021. Faurecia SE (PAR:EO, market capitalization USD6.46 billion as on 21 February 2022) acquired 79.5% HELLA GmbH & Co. KGaA (XETRA:HLE, market capitalization USD7.93 billion as on 21 February 2022) shares with an investment of EUR5.3 billion (USD6.0 billion). This included 60% share package of the HELLA pool shareholders as well as around 19.5% as part of the public takeover.