Faurecia and HELLA have introduced FORVIA, the newly combined group’s name, following the successful completion of the acquisition of a controlling stake in HELLA by Faurecia on Jan. 31.
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, the companies say.
FORVIA says its vision for the future is built on four pillars: safety, sustainability, advanced solutions and customized experiences.
“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,” says Patrick Koller, CEO of Faurecia. “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 customized mobility for today’s and tomorrow’s generations.”
“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,” adds Rolf Breidenbach, chief executive officer of HELLA. “At the same time, FORVIA is a clear signal of a new start into a common future.”
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 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.
