Announced
Completed
Financials
Tags
Public
automotive parts
Auto Parts
Acquisition
Cross Border
Friendly
Single Bidder
Majority
Germany
vehicle components
Completed
Synopsis
Faurecia, a French global automotive supplier headquartered in Nanterre, completed the acquisition Hella, an internationally operating German automotive part supplier, for $8bn. "This combination is a unique opportunity to create a global leader in automotive technologies. I am convinced that Faurecia and Hella have an outstanding fit as we share common vision, values and culture. Our two talented teams have been cooperating very efficiently since end 2018, they have demonstrated their combined capabilities. Together, we will have the critical edge to benefit from the strategic drivers that are transforming the automotive industry," Patrick Koller, Faurecia CEO.
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