MUNICH – Knorr-Bremse, a global market leader for braking systems and other rail and commercial vehicles systems, acknowledged it is interested in acquiring the 60 percent of HELLA GmbH & Co. KGaA controlled by the company’s founding family.
Knorr-Bremse said the process is at a very early stage and will not predict the probability of success in this venture.
Preliminary 2020 Results Solid for Knorr-Bremse
HELLA is a listed, globally positioned family-owned company with more than 125 locations in some 35 countries. As of May 2020, the company had approximately 36,000 employees worldwide, with almost 8,000 employees in research and development.
As a leading automotive supplier, HELLA specializes in innovative lighting systems and vehicle electronics and, as one of the technology leaders, has been an important partner to the automotive industry and aftermarket for 120 years.
In the Special Applications segment, the company also develops, manufactures and distributes products for special vehicles. In the fiscal year 2019/2020, HELLA achieved sales of around €5.8 billion.
Since its foundation in 1899, the company with its headquarters in Lippstadt (North Rhine-Westphalia, Germany) has been one of the innovation leaders for vehicle lighting; in the electronics sector, HELLA has also achieved a leading market position in numerous prioritized product segments.
With a portfolio that includes complex LED technologies and innovative electronic products, HELLA serves central market trends such as autonomous driving, efficiency and electrification, connectivity and digitalization as well as individualization. HELLA is also a partner of the spare parts wholesale trade and workshops.
Additionally, HELLA develops and distributes lighting and electronics solutions for special vehicle and small-series manufacturers, such as buses, caravans and agricultural and construction machinery.