Hella Select Faurecia as Majority-Stake Buyer

French supplier Faurecia will buy a majority stake in Hella and make a public tender offer for the remaining shares for €60 each—all of which values Hella at around €7bn.The deal was made with a group of family-related shareholders’ 60% stake; the group considered binding offers from Faurecia, Plastic Omnium, and Mahle, and worked with…

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Hector Fratty

Hector Fratty, DrivingVisionNews President and Founder has been for his entire career in automotive lighting. From 1995 to 2006, he was Valeo Lighting Systems’ chief of R&D, managing a staff of 650 engineers and technicians and a budget of over €70m. He holds 20 patents worldwide. In 2008, after 2 years’ consultancy, he initiated the launch of Driving Vision News, a news pipeline dedicated to keeping the lighting and driver assistance community informed of the latest progress and development in the industry. Hector Fratty presides over the highly‐regarded biennial VISION Congress international automotive lighting and driver assistance symposium. Hector Fratty is also a member of the ISAL steering committees.