The new name of the combined Faurecia and Hella Group.
Faurecia and Hella recently introduced Forvia, the newly combined Group’s name, following Faurecia’s successful completion of the acquisition of a controlling stake in Hella earlier this year, becoming the world’s seventh largest automotive supplier.
Resolutely looking FORward and committed to drive the mobility transition on roads or VIAs, Forvia is about the movement and the necessary agility as well as the newly combined Group’s commitment, confidence and action.
Forvia is uniquely positioned to grow and benefit from strategic drivers transforming the automotive industry. Its vision for the future is built on four pillars: safety; sustainability; advanced solutions; and customised experiences.
Patrick Koller, CEO of Faurecia, declared: “We are Forvia! 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, speaking with one voice and working as one team. As Forvia, we are shaping safe, sustainable, advanced and customised mobility for today’s and tomorrow’s generations.”
Rolf Breidenbach, CEO of HELLA, added: “Forvia captures the close cooperation between Faurecia and Hella excellently. 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”.
Faurecia and Hella will continue to operate as two independent legal companies, closely collaborating to create sustainable value for all stakeholders through technology solutions and synergies generated in the best interest of both companies.
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. Products will continue to be marketed and distributed under their current brands.