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HELLA GMBH & CO. KGAA (FRA:HLE) HELLA GmbH & Co. KGaA: HELLA intends to consistently expand and further develop the Business Group Lifecycle Solutions

Directive transparence : information réglementée

29/04/2022 15:34

DGAP-News: HELLA GmbH & Co. KGaA / Key word(s): Letter of Intent/Strategic Company Decision
HELLA GmbH & Co. KGaA: HELLA intends to consistently expand and further develop the Business Group Lifecycle Solutions

29.04.2022 / 15:34
The issuer is solely responsible for the content of this announcement.


Lippstadt, 29 April 2022

 

HELLA intends to consistently expand and further develop the Business Group Lifecycle Solutions

- Increasing demand for solutions to extend the lifecycle of vehicles shall be addressed even more through targeted investments in the spare parts and workshop business

- Regarding the integration and further alignment of the Special Applications activities, various strategic options are currently being examined, including a possible sale

A key lever for sustainable mobility is the maintenance of value and the extension of the lifecycle of vehicles. Against this background, the internationally positioned automotive supplier HELLA recently formed the Business Group Lifecycle Solutions, which pools the product lines Independent Aftermarket, Workshop Solutions and Special Applications.

"Our goal is to build a holistic ecosystem within the framework of the Business Group Lifecycle Solutions that covers the entire process chain in the aftermarket from diagnostics to distribution of spare parts to services from a single source. This way, we are not only creating added value for all parties involved, but at the same time contributing to the responsible use of resources and materials," says Dr. Lea Corzilius, who is responsible for the Business Group Lifecycle Solutions in the HELLA Management Board. "The demand for value-preserving products and services is increasing continuously. With our offering in the business areas of Independent Aftermarket and Workshop Solutions, we are very well positioned in this regard. Through targeted investments, we intend to further expand this business. We also see growth potential through closer linkage of our distinctive competencies in the spare parts and workshop business, as well as in cooperation with Faurecia."

At present, the integration and further alignment of the Special Applications activities is still being clarified. In this business area, HELLA develops, manufactures, and distributes lighting technology and electronic products for a wide range of special vehicles such as agricultural and construction machinery, buses, caravans as well as marine applications. "Our Special Applications business is positioned excellently. This is reflected back to us not least by customers. Together with the Shareholders Committee, we have decided today to evaluate how we can position these activities in the best possible way in the long term. For this purpose, we are examining various strategic options, including a possible sale," says Dr. Lea Corzilius. "Against this background, the relevant market is currently being sounded out. The market soundings are still at an early stage, and no decision has been made yet."

In the Business Group Lifecycle Solutions, HELLA employs a total of around 4,200 people worldwide. In the past fiscal year 2020/2021, the Business Group generated sales of € 0.9 billion. The Special Applications business, with its around 2,500 employees, accounted for around € 0.4 billion of sales.

Please note: This text and corresponding photo material can also be found in our press database at: www.hella.com/press

About HELLA

HELLA is a listed subsidiary of Faurecia. Together they operate under the overarching umbrella brand FORVIA. Within the factual group, HELLA stands for high-performance lighting technology and automotive electronics. At the same time, the company covers a broad service and product portfolio for the spare parts and workshop business as well as for manufacturers of special vehicles with its Business Group Lifecycle Solutions. HELLA has 36,000 employees at more than 125 locations worldwide and generated currency and portfolio-adjusted sales of € 6.5 billion in the fiscal year 2020/2021.

About FORVIA

FORVIA comprises the complementary technology and industrial strengths of Faurecia and HELLA. With over 300 industrial sites and 77 R&D centers, 150,000 people, including more than 35,000 engineers across 40+ countries, FORVIA provides a unique and comprehensive approach to the automotive challenges of today and tomorrow. Composed of six Business Groups with 24 product lines, and a strong IP portfolio of over 14,000 patents, FORVIA is focused on becoming the preferred innovation and integration partner for OEMS worldwide. FORVIA aims to be a change maker committed to foreseeing and making the mobility transformation happen. www.forvia.com

For more information, please contact:

Dr. Markus Richter HELLA GmbH & Co. KGaA
Company spokesman Rixbecker Straße 75
Tel.: +49 (0)2941 38-7545 59552 Lippstadt / Deutschland
markus.richter@forvia.com www.hella.com



29.04.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: HELLA GmbH & Co. KGaA
Rixbecker Str. 75
59552 Lippstadt
Germany
Phone: +49 (0)2941 38-7125
Fax: +49 (0)2941 38-6647
E-mail: Investor.Relations@hella.com
Internet: www.hella.de/ir
ISIN: DE000A13SX22, DE000A3E5DP8
WKN: A13SX2, A3E5DP
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1340155

 
End of News DGAP News Service

1340155  29.04.2022 

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