HELLA GmbH & Co. KGaA: HELLA successfully concludes exit from wholesale business

Dow Jones received a payment from EQS/DGAP to publish this press release.

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: [phone] 
Fax: [phone] 
[e-mail] 
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. 
 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language: English 
Company:  HELLA GmbH & Co. KGaA 
          Rixbecker Str. 75 
          59552 Lippstadt 
          Germany 
Phone:    [phone] 
Fax:      [phone] 
E-mail:   [e-mail] 
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)