Under Forvia, Faurecia and Hella will keep their legal names and products will continue to be marketed and distributed under their current brands.
07 Feb 2022 | 19737 Views | By Autocar Pro News Desk
Following the successful takeover of Hella by Faurecia on January 31, 2022, Faurecia and Hella announced the newly combined Group’s name as ‘Forvia.’ The combined entity represents the seventh largest automotive supplier worldwide.
Forvia will have strategic oversight of Faurecia and Hella, which will continue to operate as two ...
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Following the successful takeover of Hella by Faurecia on January 31, 2022, Faurecia and Hella announced the newly combined Group’s name as ‘Forvia.’ The combined entity represents the seventh largest automotive supplier worldwide.
Forvia will have strategic oversight of Faurecia and Hella, which will continue to operate as two independent legal companies, closely collaborating to create sustainable value for all stakeholders. The company clarified that products will continue to be marketed and distributed under their current brands.
The management claims that Forvia is uniquely positioned to benefit from strategic drivers transforming the automotive industry. Patrick Koller, Chief Executive Officer of Faurecia, said: “This new name reflects core elements of our Faurecia and Hella brands, as well giving a good translation of our shared purpose – inspiring mobility. This new Group represents 150,000 talented individuals across more than 40 countries inspired by one vision.”
Rolf Breidenbach, Chief Executive Officer of Hella, added: “The name embodies essential core aspects that have always distinguished both companies - such as dynamism, vision, passion, solution orientation, customer proximity and community spirit. At the same time, Forvia is a clear signal of a new start into a common future".
Under Forvia, both companies will keep their legal names as Faurecia SE and Hella GmbH & Co. KGaA. They will communicate under Forvia used as an umbrella name.