HELLA GmbH & Co. KGaA
- WKN: A13SX2
- ISIN: DE000A13SX22
- Land: Deutschland
Nachricht vom 29.09.2020 | 07:00
HELLA GmbH & Co. KGaA: HELLA sells front camera software business
DGAP-News: HELLA GmbH & Co. KGaA
/ Key word(s): Disposal/Agreement
HELLA sells front camera software business to Volkswagen's Car.Software Org
- Transaction expected to lead to extraordinary income in the range of approximately € 100 million
- About half of HELLA Aglaia's employees will transfer to the Car.Software Org of Volkswagen
- Other business activities of HELLA Aglaia not affected by transaction; role as competence centre for software further strengthened
- Strict portfolio management continues with sale; HELLA continues to invest in technologies for automated driving
Lippstadt/Berlin, 29 September 2020. The internationally positioned automotive supplier HELLA is selling its business with front camera software and the related activities in the area of testing and validation to the Car.Software Org, a wholly owned subsidiary of Volkswagen AG. Both companies have now signed a corresponding agreement. The transaction is expected to result in extraordinary income in the range of approximately € 100 million in the event of a successful closing. The business activities to be sold are located at the Berlin-based subsidiary HELLA Aglaia. In the course of the sale, about half of HELLA Aglaia's employees are to be transferred to the Car.Software Org, which Volkswagen founded at the beginning of the year as a cross-brand unit for software development. The transaction is still subject to approval by the relevant antitrust authorities and is expected to close in the first quarter of calendar year 2021.
"The exit from the front camera software business is based on stringent portfolio management. This is based on our strategic cornerstones of technology leadership, market leadership and the fulfilment of certain financial key figures", says HELLA CEO Dr. Rolf Breidenbach. "If we cannot sustainably achieve one of these three criteria with a product, we will not pursue the corresponding business activities any further. In order to achieve our goals in the long term, we would have had to make extraordinarily high investments in the field of front camera software combined with a high level of entrepreneurial risk. We are therefore pleased to have found a strong partner in Volkswagen who will continue to develop these activities strategically."
"By acquiring the camera software business area of HELLA together with the relevant image processing know-how, we are continuing our strategy of developing key software components in-house in the future. This way, we will boost the development of competence in the field of computer vision within the Car.Software Org and strengthen our position for the development of safe and innovative driving functions," says Dirk Hilgenberg, CEO of the Car.Software Org.
HELLA Aglaia's other business activities in the fields of energy management, lighting control and people sensing are not affected by the sale. "We will continue to invest consistently in future automotive topics such as electromobility, automated driving, software and digitalization," emphasizes Dr. Rolf Breidenbach. With a newly founded Global Software House, which is anchored at HELLA Aglaia, HELLA for example is further expanding its worldwide software competences. At the same time, HELLA continues to invest in essential key components for assisted and autonomous driving. These include in particular the fields of radar sensor technology and steering electronics, in which HELLA has a leading market position worldwide.
HELLA GmbH & Co. KGaA, Lippstadt: HELLA is a global, family-owned company, listed on the stock exchange, with over 125 locations in some 35 countries. With sales of € 5.8 billion in the fiscal year 2019/2020 and 36,000 employees, HELLA is one of the leading automotive suppliers. HELLA specialises in innovative lighting systems and vehicle electronics and has been an important partner to the automotive industry and aftermarket for more than a century. Furthermore, in its Special Applications segment, HELLA develops, manufactures and sells lighting and electronic products for specialist vehicles.
HELLA GmbH & Co. KGaA
|Company:||HELLA GmbH & Co. KGaA|
|Rixbecker Str. 75|
|Phone:||+49 (0)2941 38-7125|
|Fax:||+49 (0)2941 38-6647|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange|
|EQS News ID:||1137487|
|End of News||DGAP News Service|
ESG-Whitepaper im Fokus
The Corporate ESG Guide: A 360 view on the current landscape and trends
Die ESG-Kriterien (Environmental, Social and Governance) werden auch für Emittenten immer wichtiger, wenn sie für Investoren attraktiv bleiben wollen. In dem Whitepaper “The Corporate ESG Guide: A 360 view on the current landscape and trends” beantworten die Experten von Investor Update grundlegende Fragen von Emittenten. Außerdem kommen Vermögensverwalter, Unternehmensberater Manager und ESG-Ratingagenturen zu wichtigen ESG-Themen zu Wort.
"GBC Best of m:access 2020": Neue vielversprechende Auswahl
Unsere letztjährige „GBC Best of m:access“-Auswahl hat sich mit einer Performance von über 50 % überdurchschnittlich stark entwickelt und alle relevanten Indizes hinter sich gelassen. Im Rahmen der vorliegenden aktualisierten Studie präsentieren wir Ihnen eine in Teilen neu zusammengesetzte Selektion, die weiterhin 15 Unternehmen umfasst. Die aktuellen Einschätzungen zu den Einzeltiteln und auch weitere Informationen zur Entwicklung des m:access sind in der vollständigen Studie „GBC Best of m:access 2020“ enthalten.
Der AKTIONÄR News
27. November 11:05 Intesa Sanpaolo: Wenn das passiert, gibt es 8 Prozent ...
27. November 11:04 Kaufpanik bei Nel-Beteiligung Everfuel – Aktie schießt 35 Prozent ...
27. November 10:59 Daimler weiter auf der Überholspur
27. November 10:44 ThyssenKrupp: Nächste Runde - was entscheidet die Politik?
27. November 10:35 Charts des Grauens – Finger weg von diesen drei Aktien
News im Fokus
Vonovia SE: Als Dank für außergewöhnliche Leistung: Vonovia zahlt Belegschaft Corona-Prämie (News mit Zusatzmaterial)
24. November 2020, 15:17
Original-Research: All for One Group SE (von BankM AG): Kaufen
27. November 2020