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|
HELLA GmbH & Co. KGaA: HELLA significantly imp ...
HELLA GmbH & Co. KGaA: Preliminary announcemen ...
HELLA GmbH & Co. KGaA
HELLA GmbH & Co. KGaA: HELLA aims for climate- ...
HELLA GmbH & Co. KGaA: Capital Markets Day 202 ...
Event im Fokus
10. Juni 2021:Fachkonferenz Immobilien
14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure
13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie
10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix
„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“
11 Perlen im „GBC Fonds Champions 2021“
Im Rahmen der aktuellen Studie „GBC Fonds Champions 2021“ haben wir elf versteckte Fondsperlen mit dem Kriterium einer Mindestbewertung von 4 von 5 GBC-Falken ausgewählt. Auch tragen wir dem gesteigerten Investoreninteresse nach nachhaltigen Investments Rechnung und haben drei nachhaltige Fonds ausgewählt. Übrigens, die Fonds aus unserer letzten Ausgabe haben im Schnitt eine Performance von plus 31,8 % erreicht.
Der AKTIONÄR News
19. April 19:29 Amazon: Nächster Halt: Weltraum
19. April 17:39 Tesla: Horror-Crash mit Autopilot – Aktie knickt ein
19. April 16:25 DAX & Co: Schwungvoll am Morgen, kraftlos am Nachmittag
News im Fokus
Bayerische Motoren Werke Aktiengesellschaft: Wesentliche vorläufige Ergebniskennzahlen der BMW AG für das erste Quartal 2021 über Markterwartungen
19. April 2021, 18:52
Conference Call 11.05.2021 (Webcast)
11. Mai 2021
Original-Research: CO.DON AG (von Sphene Capital GmbH): Buy
19. April 2021