Faurecia agreed to acquire a majority stake in German automotive lighting group Hella

The lighting and electronics specialist HELLA and French automotive supplier Faurecia signed an agreement on the combination of the two companies.

As part of the transaction, Faurecia will acquire the 60 percent stake held by HELLA pool shareholders. In addition, Faurecia has announced a voluntary public tender offer to acquire the remaining HELLA shares at an offer price of € 60 per share (gross offer price of € 60.96 including the expected dividend of € 0.96 per HELLA share).

By combining their activities, HELLA and Faurecia will become the 7th largest global automotive supplier. This opens up significant potential for further profitable growth. HELLA and Faurecia today already are global market leaders in their respective fields.