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DGAP-Media / 2018-11-12 / 09:00
*HELLA successfully concludes exit from wholesale business*
*AURELIUS takes over wholesale company Hellanor in Norway*
*Lippstadt, November 12, 2018.* The lighting and electronics specialist
HELLA sells the Norwegian wholesale company Hellanor and thus completes the
sale of the wholesale business. The Norwegian company Hellanor A/S will be
transferred to AURELIUS Equity Opportunities SE & Co KGaA. The parties have
agreed not to disclose the amount of the purchase price. The transaction is
still subject to approval by the relevant anti-trust authorities; approval
is expected by the end of the year.
"With the completed withdrawal from the wholesale business, we are advancing
the strategic realignment of our aftermarket," says Dr. Werner Benade,
Managing Director responsible for the Aftermarket and Special Applications
segments at HELLA. "In the future, we will thus align our product portfolio
even more strongly along our original equipment competencies, especially in
the areas of lighting and electronics while linking it to our strong
workshop equipment expertise. Above all, we will continue to expand our
successful repair solutions business and take advantage of new growth
opportunities arising from the digitalization and increasing
interconnectedness of vehicles."
Against the background of the strategic realignment of the aftermarket,
HELLA had already sold the two Danish and Polish wholesale companies FTZ and
Inter-Team to the Swedish wholesaler Mekonomen in September of this year.
Hellanor currently employs around 250 people and generated sales of around
70 million euros in the past 2017/2018 fiscal year. The transaction is
conducted with the assistance of Jefferies Financial Group (Financial
Advisor), Freshfields Bruckhaus Deringer (Legal Advisor) and Ebner Stolz
(Financial & Tax Due Diligence).
*Please note: *
This text and corresponding photo material can also be found in our press
database at:
www.hella.com/press [1]
*HELLA GmbH & Co. KGaA, Lippstadt:* HELLA is a global, family-owned company,
listed on the stock exchange, with around 40,000 employees at over 125
locations in some 35 countries. The HELLA Group develops and manufactures
products for lighting technology and electronics for the automotive industry
and also has one of the largest retail organizations for automotive parts,
accessories, diagnostics, and services within Europe. With nearly 7,000
people working in research and development, HELLA is one of the most
important innovation drivers on the market. Furthermore, with sales of 7.1
billion euros in the fiscal year of 2017/2018, the HELLA Group is one of the
top 40 automotive parts suppliers in the world and one of the 100 largest
German industrial companies.
*For additional information please contact:*
Dr. Markus Richter
Company spokesman
HELLA GmbH & Co. KGaA
Rixbecker Strasse 75
59552 Lippstadt
Germany
Phone: +49 (0)2941 38-7545
Fax: +49 (0)2941 38-477545
Markus.Richter@hella.com
www.hella.com
End of Media Release
Issuer: HELLA GmbH & Co. KGaA
Key word(s): Industry
2018-11-12 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Archive at www.dgap.de
Language: English
Company: HELLA GmbH & Co. KGaA
Rixbecker Str. 75
59552 Lippstadt
Germany
Phone: +49 (0)2941 38-7125
Fax: +49 (0)2941 38-6647
E-mail: Investor.Relations@hella.com
Internet: www.hella.de/ir
ISIN: DE000A13SX22
WKN: A13SX2
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate
Exchange; Luxembourg Stock Exchange
End of News DGAP Media
744115 2018-11-12
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=7e81b2b0f6723de7b2c6f52f73c02914&application_id=744115&site_id=vwd&application_name=news
(END) Dow Jones Newswires
November 12, 2018 03:00 ET (08:00 GMT)
