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Faurecia acquires Hella

Hella

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.

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Hella aims for climate-neutral production by 2025

As a leading automotive supplier, Hella wants to further accelerate its own efforts against climate change and send a clear signal for climate protection. So, by 2025, all 38 Hella production sites worldwide are to manufacture in a CO2-neutral manner. Carbon neutrality is to be achieved in particular through further energy savings and the purchase of green electricity. At the same time, remaining and unavoidable emissions are to be offset by investments in high-quality certified climate protection projects. In addition, Hella aims to ensure a consistently climate-neutral supply chain by 2050 at the latest and to supply customers worldwide with CO2-neutral products.

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Hella sells Mando Hella Electronics joint venture shares to partner Mando

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Automotive supplier Hella intends to sell its 50 per cent share in the South Korean joint venture Mando Hella Electronics (MHE) to Mando. The two partners have now signed a corresponding agreement and the transaction is expected to close in the first quarter of 2021 calendar year. The price is “around €60 million.”

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Hella expands Lithuanian electronics plant

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Hella

Due to the increasing demand for electronic automotive components, Hella is further expanding its electronics plant in Lithuania. The plant in the Kaunas Free Economic Zone started production of various electronic components in August 2018. At present, sensors and actuators, as well as lighting electronic components, are manufactured at the site, which has more than 180 employees.

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Hella outperforms automotive sector in 2018/19

Automotive supplier Hella has ended the fiscal year 2018/2019 (1 June 2018 to 31 May 2019) with an increase in sales and earnings. Currency and portfolio-adjusted sales have risen by 5.0 per cent compared to the previous year. Reported sales decreased to 7.0 billion euros (previous year: 7.1 billion euros) as a result of divestment from the wholesale business and taking the effects of exchange rates into consideration.

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Hella presents strategic orientation toward electromobility

Hella, the global automotive supplier, considers itself well positioned to continue its profitable growth path in the long term, the foundation for which is the consistent positioning of the company along the central automotive market trends of autonomous driving, efficiency and electrification, connectivity and digitalisation, as well as individualisation. At this year’s Capital Markets Day, Hella gave investors and analysts a more detailed overview of its strategic orientation in the field of electromobility.

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Hella opens second electronics plant in India

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Hella, the global automotive supplier, has opened a second electronics plant in India. The new production facility in Mehsana, India, north of the city of Ahmedabad in the state of Gujarat, will meet the growing demand for electronic components and strengthen proximity to its local customers.

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Plastic Omnium and Hella enter into strategic partnership

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Automotive suppliers Hella and Plastic Omnium are entering into a strategic cooperation, with the focus of the non-exclusive cooperation to accelerate the holistic integration of exterior vehicle lighting technologies, especially for the front and rear areas. Hella contributes to the collaboration through its competence in automotive lighting technology, while Plastic Omnium brings the expertise in plastics processing for exterior body parts. The plan is to also bundle the corresponding development resources together at one site in Germany.

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Hella increases sales and earnings in a challenging market environment

Hella, a global automotive supplier, has concluded the first six months of its fiscal year 2018/2019 (June 1 to November 30, 2018) with positive sales and earnings despite a challenging market environment. Thus, currency and portfolio-adjusted consolidated sales rose by 7.3 per cent. Taking into account exchange rate effects and the divestment of the wholesale distribution business, the reported sales increased by 2.8 per cent to € 3.6 billion (previous year: € 3.5 billion).

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Hella and Faurecia enter into strategic collaboration

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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.

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Extensions planned for Hella HQ

Lighting and electronics specialist Hella is investing in its headquarters in Lippstadt, Germany, and construction will soon commence on a new visitor, administrative and exhibition centre under construction in the immediate proximity to the company’s existing headquarters building. Hella says the new addition will transform the site “into a high-tech location.” At the same time, an urban planning competition is scheduled for the future use of the company’s adjacent former plant site

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Hella: EBIT up 21% in FY2016-17

Original equipment supplier and established aftermarket player Hella has reported what it calls an “extremely successful” financial year. During the 12 months to 31 May 2017, the company lifted both its earnings and profitability.

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Hella and ZF Form Strategic Partnership

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Hella and ZF are entering into a strategic partnership. Both automotive suppliers will benefit from this cooperation on sensor technology, particularly for front camera systems, imaging and radar systems. ZF will further strengthen its portfolio as a systems supplier, which offers both modern assistance systems and autonomous driving functions and Hella will drive technological development and benefits from a broader market access with its leading technologies. The first joint development project in camera technology will start immediately, with the objective of a market launch in 2020.

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