Suggestions
    Go directly to
      Press Release
      May 19, 2015

      Continental Continues to Consistently Expand Software and Systems Expertise

      • Purchase of the software specialist Elektrobit Automotive broadens product range
      • About 1,900 outstanding software professionals strengthen Continental's development team

      Hanover, May 19, 2015. The Continental Corporation is, as announced, systematically expanding its systems and software expertise for solutions in the automotive industry. The international automotive supplier purchased Elektrobit Automotive GmbH, which is headquartered in Erlangen, Germany. Elektrobit Automotive is a wholly owned subsidiary of the Finnish Elektrobit Corporation, listed on NASDAQ OMX Helsinki. The company is a specialist for highly innovative software solutions, and has worked closely with Continental for more than ten years. The consummation of the purchase is subject to clearance by antitrust authorities and approval by Elektrobit's shareholders. Closing is expected to occur in the 3rd quarter of 2015.

      The Board of Directors of the Elektrobit Corporation is unanimously recommending approval of the transaction, and will invite its shareholders to an extraordinary general meeting on or around June 11, 2015. Shareholders representing approximately 46 per cent of the issued share capital have already committed to participate and vote for the transaction on an irrevocable basis. For an approval a simple majority is required.

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

      Available documents

      Cookie Policy

      We use cookies to provide you with the best experience on our website. Click on "Accept all" to allow all cookies or "Change cookie settings" to decide individually.

      Note: If you consent to the use of performance cookies, you also consent to the transfer of your personal data to insecure third countries (e.g. to the USA). These insecure third countries do not provide a level of data protection comparable to EU standards. In the case of certain third party providers, such as Google and Mouseflow, no other guarantees are offered to compensate for this deficit. There is therefore a risk that the transmission of your personal data may result in state authorities accessing your personal data without you having effective legal protection options.

      For more information on performance technologies and the transfer of data to third countries, please refer to the privacy policy.

      By clicking the "Accept all" button, you explicitly consent to this. Consent can be revoked at any time by changing the cookie settings. The further processing of data already collected before revocation by the third-party provider cannot be excluded.

      A cookie is a small data file that is stored on your device. We use cookies to provide basic and convenience functionalities, measure website performance and analyze user behavior on the website. 

      Required cookies are always activated because they are indispensable for the operation of the website and to store your cookie consent. Functional and performance cookies are optional. All optional cookies are deactivated by default.

      You can change your cookie settings at any time by visiting our Cookie Policy or by clearing the cache in your browser. 

      Show more Show less
      Back
      Required cookies Required

      These cookies are required to provide you with key functions.

      Functional cookies

      These cookies are used to provide certain functionalities to you.

      Performance cookies

      These cookies are used to measure website performance and user behavior. All collected data are analyzed anonymously.