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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Volkswagen Software Unit Acquires Hella's Camera-Software Business

09/29/2020 | 01:55am EST

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 olivia.bugault@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AUDI AG -0.61% 1630 End-of-day quote.0.00%
HELLA GMBH & CO. KGAA -2.01% 51.2 Delayed Quote.-3.21%
PORSCHE AUTOMOBIL HOLDING SE 0.84% 60.06 Delayed Quote.6.49%
VOLKSWAGEN AG 1.88% 165.08 Delayed Quote.8.31%
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Financials
Sales 2020 218 B 266 B 266 B
Net income 2020 4 516 M 5 496 M 5 496 M
Net cash 2020 22 515 M 27 398 M 27 398 M
P/E ratio 2020 18,4x
Yield 2020 1,80%
Capitalization 87 009 M 106 B 106 B
EV / Sales 2020 0,30x
EV / Sales 2021 0,26x
Nbr of Employees 664 196
Free-Float 56,8%
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Technical analysis trends VOLKSWAGEN AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 177,15 €
Last Close Price 165,08 €
Spread / Highest target 49,6%
Spread / Average Target 7,31%
Spread / Lowest Target -15,2%
EPS Revisions
Managers and Directors
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Deputy Chairman
Bernd Osterloh Member-Supervisory Board
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