The "Westfalische Metall-Industrie Aktien-Gesellschaft" (Westphalian Metals Industry Ltd.) (WMI) is founded as a special factory for headlamps, cornets and fittings for bicycles and automobiles. Access and authorization systems for keyless entry Sensor-integrated control units for headlamp leveling systems Control units for headlamp leveling systems The additional acceptance period for the voluntary public takeover offer launched on September 27, 2021, by Faurecia for the Company expired on November 11, 2021, and a total of 21,662,359 shares have been tendered during the offer period by Hella shareholders. It will represent for Faurecia an investment of EUR 5.3 billion, to be compared to EUR 6.7 billion for 100% of Hella shares at EUR 60 per share, allowing higher financial flexibility for Faurecia. (Faurecia) announced that it holds 79.5% of the shares in the Company, together with the shareholding of 60% to be acquired from the family pool, upon completion of the takeover offer. (From a press release on August 14, 2021) By combining their respective strengths, the Company and Faurecia aim to further expand their market position, particularly in key growth areas such as electric mobility, automated driving and vehicle interior design, and to further strengthen their position across customers and regions. By combining their activities, the Company and Faurecia will become the 7th largest global automotive supplier. Faurecia will acquire the 60% stake held by the Company family, and in addition, Faurecia has announced a voluntary public tender offer to acquire the remaining the Company shares. The Company and Faurecia signed an agreement on the combination of the two companies. The Company has a 12% global market share and is ranked second in Europe in automotive lighting. Automotive: The Automotive Segment is further divided into Lighting and Electronics divisions.The Company's operations are divided into three segments: In addition, its joint venture companies produce front end modules, air conditioning systems and vehicle electric systems. The Company develops and manufactures components and systems for automotive lighting and electronics.
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