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Continental Aktiengesellschaft Vahrenwalder Straße 9 30165 Hannover, Germany http://www.continental.com/de
Contact Ms Kristin Bartels +49 511 9381794
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Continental Aktiengesellschaft

Continental Closes Acquisition of Elektrobit Automotive

Purchase expands Continental's software and systems expertise / Approximately 1,900 outstanding software professionals strengthen development team

(PresseBox) (Hanover/Erlangen, )
The Continental Corporation has closed its acquisition of Elektrobit Automotive Group, formerly wholly owned by Finnish Elektrobit Corporation, Helsinki. The shareholders of Elektrobit Corporation approved the acquisition on June 11 and the relevant antitrust waiting periods expired at the end of June. With the purchase, the international automotive supplier, tire manufacturer, and industrial partner Continental is further expanding its systems and software expertise for solutions in the automotive industry. Elektrobit Automotive is a specialist in highly innovative software solutions.

At Elektrobit Automotive (including its joint venture company e.solutions GmbH), some 1,900 professionals develop powerful solutions for complex vehicle functions regulated by software, such as advanced driver assistance systems and infotainment systems, for leading carmakers and systems suppliers. With this acquisition, Continental is strengthening its development capacity and boosting its technology development of systems for automated driving. Continental currently employs 11,000 professionals in the field of software development.

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Continental Aktiengesellschaft

Continental develops intelligent technologies for transporting people and their goods. As a reliable partner, the international automotive supplier, tire manufacturer, and industrial partner provides sustainable, safe, comfortable, individual, and affordable solutions. In 2014, the corporation generated sales of approximately €34.5 billion with its five divisions, Chassis & Safety, Interior, Powertrain, Tires, and ContiTech. Continental currently employs approximately 200,000 people in 53 countries.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.