Volkswagen Software Unit Acquires Hella's Camera-Software Business

By Olivia Bugault

Volkswagen AG said Tuesday that its software unit Car.Software Org is acquiring the front camera-software business area of HELLA Aglaia Mobile Vision GmbH, a subsidiary of Germany's Hella GmbH & Co. KGaA.

The acquisition--whose financial details weren't disclosed--is scheduled to be completed at the beginning of 2021, once approved by antitrust authorities, the German car maker said.

"Through this transaction, the software company intends to expand its competence in the field of image processing and to forge ahead with the development of automated driving functions for all Volkswagen Group brands," it said.

Roughly half of HELLA Aglaia's employees will be transferred to Car.Software Org, Volkswagen said, without specifying the exact number.

Car.Software Org groups the software skills of Volkswagen's different car brands such as Audi and Porsche and is developing a standardized software architecture for vehicles of all brands among other software-related tasks. "To accomplish these tasks, investments in excess of more than seven billion euros ($8.17 billion) are planned up to 2025," Volkswagen said.

Write to Olivia Bugault at [e-mail]

(END) Dow Jones Newswires

September 29, 2020 01:54 ET (05:54 GMT)

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