The company reported synergies with HELLA, with cumulative net cost synergies reaching over $200 million by the end of 2023.
Dr. Marcel Wiedmann succeeds Stefan van Dalen, now a member of the HELLA management board responsible for the Lifecycle Solutions Business Group.
Greater growth opportunities are anticipated for BHTC under the new ownership structure.
The acquisition was entirely refinanced through pricing an additional €250 million of sustainability-linked senior notes.
HELLA equips 10 different vehicle series of a German premium manufacturer with high-voltage converters.
Hella offers product and service solutions for the independent aftermarket to successfully manage change.
HELLA will submit parts to the CAPA Tier 1 Replacement Parts Verification Program for required testing and certification.
The focus is on solutions for the electromobility megatrend and a range of training and service offerings for workshops.
The group pools product lines from the Independent Aftermarket, Workshop Solutions and Special Applications business areas.
The team Rotek Racing is an International Professional Motorsports Team based at the Nürburgring.
HELLA and Faurecia products will continue to be marketed and distributed under their current brands.
Hella brings home awards for AAPEX Best New Product Award as well as SEMA Global Media Award for 2021.