Hella Acquires Remaining Shares of Its Chinese Relay Joint Venture - aftermarketNews

Hella Acquires Remaining Shares of Its Chinese Relay Joint Venture

Located in Xiamen, China, Hella Hongfa (Xiamen) Automotive Electronics Co. employs 220 and generates more than $18 million in sales annually.

PLYMOUTH, Mich. — Hella Hongfa (Xiamen) Automotive Electronics Co. Ltd. (HAE) of China has become a wholly-owned subsidiary of Hella KGaA Hueck & Co., a tier-one supplier of automotive lighting and electronic equipment.

Located in Xiamen, China, HAE employs 220 and generates more than $18 million in sales annually.

Hella recently acquired the 30 percent share held in HAE by former joint-venture partner Xiamen Hongfa Electroacoustic Co. Ltd. HAE was established in 2003 to develop and produce automotive relays.

“The acquisition of these remaining shares is an important step in further improving Hella’s relay business and ensures a successful future for HAE,” said Dr. Martin Fischer, president of Hella Electronics Corp. and Hella Corporate Center USA, both based in Plymouth, Michigan.

Hella KGaA Hueck & Co. develops and manufactures lighting and electronics components and systems for the automotive industry. Its joint venture companies also produce complete vehicle modules and air conditioning systems.

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