Hella completes divestment of camera software activities
The transaction will generate pre-tax income for Hella of around 120 million euros. The sale of the front camera software business was based on stringent portfolio management, the former parent company emphasises: Hella would have had to make extraordinarily high investments combined with a major entrepreneurial risk in order to achieve the internal targets in this area. Irrespective of the now completed transaction, Hella will continue to invest intensively in key technologies for automated driving, particularly in the areas of radar sensor technology and steering electronics. At the same time, the remaining activities at Hella Aglaia in the areas of energy management, lighting control as well as people sensing will be continued and the subsidiary will be further strengthened through its responsibility for Hella’s Global Software House, which was newly established last year.
The transfer of ownership of Hella Aglaia became legally effective on 1 February.
More information: https://www.hella.com/hella-com/index.html
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