HELLA GmbH & Co. KGaA: HELLA GmbH & Co. KGaA: Sale of the front camera software business of HELLA Aglaia leads to extraordinary income in the range of EUR 100 million
Disclosure of inside information according to Article 17 MAR of the Regulation (EU) No 596/2014
HELLA GmbH & Co. KGaA: Sale of the front camera software business of HELLA Aglaia leads to extraordinary income in the range of EUR 100 million
Lippstadt, 28 September 2020. HELLA GmbH & Co. KGaA ("HELLA" or the "Company") is selling its business with front camera software of HELLA Aglaia Mobile Vision GmbH ("HELLA Aglaia"), a wholly-owned subsidiary of HELLA based in Berlin, including the related activities of HELLA Aglaia in testing and validation, to the Car.Software Organisation, a wholly-owned subsidiary of Volkswagen AG ("Volkswagen"). The transaction affects about half of the employees at HELLA Aglaia.
According to the purchase agreement concluded between HELLA and Volkswagen today, the purchase price to be paid for the front camera software business will lead to extraordinary income in the range of ca. EUR 100 million. The transaction is still subject to approval by the relevant antitrust authorities and is expected to close in the first quarter of calendar year 2021.
29-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: HELLA GmbH & Co. KGaA Rixbecker Str. 75 59552 Lippstadt
Germany Phone: +49 (0)2941 38-7125 Fax: +49 (0)2941 38-6647 E-mail: Investor.Relations@hella.com Internet: www.hella.de/ir ISIN: DE000A13SX22 WKN: A13SX2 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange EQS News ID: 1137485 ? End of Announcement DGAP News Service