The new group formed by Faurecia and Hella is called Forvia | Photo credits: Hella
PARIS (Agefi-Dow Jones)–The new group resulting from the merger between Faurecia and Hella is called Forvia, the two automotive suppliers announced in a press release.
“Resolutely forward-looking (FORward) and committed to driving the mobility transition on the roads or VIA, Forvia represents the necessary movement and agility as well as the commitment, confidence and action of the new combined group “, specified Faurecia and Hella.
Faurecia finalized the acquisition of Hella last January, having acquired a total of approximately 79.5% of the shares of the German industrialist. “The total value in cash and shares of this acquisition represents an investment of 5.3 billion euros,” said Faurecia at the time.
-Dimitri Delmond, Agefi-Dow Jones; +33 (0)1 41 27 47 31; [email protected] ed: ECH
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February 07, 2022 05:14 ET (10:14 GMT)