“This transaction represents a unique opportunity to create a global leader in automotive technology. We share the same vision and have a common understanding of values and culture. “ With these words the CEO of Faurecia, Patrick Koller presented the merger operation between the French component company and Hella, a company founded in 1899 and specialized in headlights, electrical appliances and more recently in electronic systems for the automotive sector.
The operation, as explained by today’s edition of The Corriere della Serahe predicts “Revenues estimated for 2021 at 23 billion euros, from the 14.6 billion achieved last year by Faurecia alone, making it the fifth largest manufacturer in Europe and seventh in the world of car components. The ambition is to aim even higher over the next few years, reaching 33 billion euros in revenues in 2025. ” In detail then the agreement states that “To Faurecia, for about 4 billion euros, over 60% of the shares of the Hueck family, the heirs of the entrepreneur who took over it in 1923. The other shareholders will be able to take advantage of a takeover bid. Exor, the holding company of the Agnelli family, will dilute its 5.5% which now sees it as the first shareholder followed by Peugeot (3.2%). ” The objectives of the new company that will arise from the union between Faurecia and Hella will focus in particular in the field of electric and zero-emission mobility, exploiting the German company’s specialization in electric motors and French capabilities in the field of hydrogen. Another important focus will be that of software for assisted and autonomous driving.