Technology company Continental announced today the successful completion of the acquisition of Kathrein Automotive GmbH after antitrust authorities officially cleared the transaction.
Incorporating the automotive division of Rosenheim-based antenna and satellite technology manufacturer Kathrein is a move that will give Continental an important key segment to add to expertise.
Intelligent vehicle antennas are the starting point for future-proof connectivity concepts in the vehicle interior and beyond. Potential applications range from remote access keys and navigation applications through to telematics solutions. A connected vehicle can contain over 22 installed antennas.
Continental is incorporating all Kathrein Automotive employees and all eight locations in Brazil, China, Germany, Mexico, Portugal and the U.S.. The two parties have agreed not to disclose the purchase price.