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July 2, 2015

GERMANY/FINLAND: Continental finalises Elektrobit buy

Continental has finalised its purchase of Elektrobit Automotive Group, formerly wholly owned by Finnish Elektrobit, Helsinki.

Continental has finalised its purchase of Elektrobit Automotive Group, formerly wholly owned by Finnish Elektrobit, Helsinki.

Elektrobit shareholders approved the deal on 11 June and regulatory antitrust waiting periods expired at the end of last month.

Elektrobit Automotive specialises in software and Tier One supplier Continental said it bought the company to expand its systems and software expertise.

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