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Continental Closes Acquisition of Elektrobit Automotive
Purchase expands Continental's software and systems expertise / Approximately 1,900 outstanding software professionals strengthen development team
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.
Über Continental Reifen Deutschland GmbH
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.