The story
Sally Windmüller founded the company in 1899 under the name Westfälische Metall-Industrie Aktien-Gesellschaft (WMI) to produce ball horns, candles, and kerosene lamps for carriages.[1]
Hella's name first appeared in 1908 as a trademark for acetylene headlights. In 1923, the manufacturing family Lüdenscheider Hueck took over the majority of the shares. The name "Hella" was included in the company name in 1986. The most likely explanation for the Hella brand is attributed to Sally Windmüller: He wanted to honor his wife, Helen, in short Hella, and also wanted to use the playful association between this name and the German word heller (brighter).
After World War II, the company started to expand, so in 1951 the first subsidiary company was founded in Wembach. Today Hella has six different production manufacturers in Germany, which are located in Lippstadt, Bremen, Recklinghausen, Hamm (Bockum-Hövel), Nellingen, and Wembach.
Early internationalization and the creation of a global distribution network in the 1960s resulted in the company developing one of the largest distribution networks in the industry, including its subsidiaries and partners in numerous markets worldwide. In 1961, for example, the first foreign production plant was founded in Mentone, Australia. Today, Hella has more than 100 locations in over 35 countries and is operates in the economic regions of Europe, NAFTA/South America, Africa, and Asia/Pacific.
Since the early 1990s Hella has also been part of several Joint Ventures with other automotive part suppliers. Those Joint Ventures help develop other fields of competence. At the moment Hella cooperates with several different companies, such as Mahle Behr, Plastic Omnium, Samlip, Leoni, Mando, TMD Friction, and, innocent. Joint Ventures are, for example, HBPO and BHTC in Lippstadt. Furthermore, the holding "Hella Stanley Ltd Pty" with Stanley Electric was founded in 2002 and is located in Melbourne.
In 2008, Hella started a joint venture between Hella and Gutmann Messtechnik, diagnostic specialists, to devote more attention to this area. Also in 2008, it was announced that the company would pay more attention in the future to issues and items that are outside the traditional automotive domain. That same year, Hella sold its Danish subsidiary Holger Christiansen A/S to the automotive supplier Bosch.
Because of strong economical fluctuation, Hella recorded a loss in the fiscal year 2005/06. Their management decided for a program to lower the costs and increase efficiency so that in the following fiscal year 2006/07 an operational gain could be recorded. In the fiscal year 2007/08 this operational gain increased again. Furthermore, Hella recorded the second highest consolidated sale of 4,4 billion Euros In the following fiscal years, a constant growth was recorded, which reached 5,3 billion euros in 2013/14.
Since 2017, Hella has spun off Brighter AI Technologies and Yptokey from their incubator.
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In 2021, French automotive supplier Faurecia agreed to acquire the Hueck family's 60 per cent majority stake in Hella for €3.4 billion and announced an offer for the remaining shares at €60 per share, valuing the company at a total of €6.7 billion. The takeover agreement for the 60% stake was concluded on 15 August 2021. Faurecia purchased half of the remaining shares in August 2022, bringing its stake in Hella to 80%.
From Wikipedia’s article on Hella (company), shared under CC BY-SA 4.0.5