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HELLA GmbH & Co. KGaA Earnings Release 2020
205_rns_2020-09-29_b2b3bb89-1c74-446a-b4e8-ffb09fb36ea4.html
Earnings Release
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Ad-hoc | 29 September 2020 00:44
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
HELLA GmbH & Co. KGaA / Key word(s): Disposal
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
29-Sep-2020 / 00:44 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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.
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29-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | 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: | [email protected] |
| 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 |