HELLA Acquires Interest in Radar Technology Firm InnoSenT
Companies will jointly develop and market automotive radar sensors
LIPPSTADT, Germany, Sept. 17, 2012 /PRNewswire/ -- HELLA KGaA Hueck & Co. has acquired a 50 percent interest in InnoSenT GmbH, an expert in radar sensors, based in Donnersdorf, Bavaria.
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The move is designed to strengthen HELLA's position as a supplier of automotive radar sensors. InnoSenT has more than 13 years of experience in the development and production of radar technology with market-leading automotive and industrial applications.
InnoSenT's product range includes components for front-and-rear automotive radar systems, as well as industrial applications for traffic monitoring.
The two companies initially will focus on the development and manufacture of radar sensors for HELLA's global customer network. HELLA's 24 GHz radar sensors are used in a variety of driver-assistance technologies, including lane-change warning systems.
Dr. Christian Amsel, a member of HELLA's Electronics Division's executive board, notes the increasing importance of radar sensors in the automotive industry.
"The rising number of vehicles requires new means for monitoring traffic areas," Dr. Amsel says. "Radar-based driving-assistance systems, including lane-change and blind-spot assistance, improve traffic safety. Safety issues in emerging markets are becoming increasingly important. HELLA provides 24 GHz radar technology, which is significantly more affordable than camera systems or 77 GHz radar systems."
"HELLA's system can also be used for mid-range and small vehicle segments" Dr. Amsel adds. "InnoSenT's expertise will also support both of our organizations' competencies in meeting advanced technology requirements for higher frequency ranges such as 61, 77 and 122 GHz ."
Dr. Wolfgang Weidmann and Robert Mock, both founders and shareholders of InnoSenT GmbH, note that "HELLA will provide InnoSenT GmbH with the opportunity to establish a strong foothold in driver assistance technologies for the automotive industry. Now, new technologies and applications can be brought to the market at a much faster rate."
"Furthermore, we see the synergies that result between automotive technology and industrial applications as a core growth philosophy for the relatively new radar sensor market. The autonomy of the companies in this agreement is an important factor in sustaining innovative opportunities."
In addition to their marketing-leading positions in the automotive sector, both companies also will be focused on the further development of industrial applications.
About HELLA KGaA Hueck & Co.:
HELLA is a global, independent family-owned company with more than 27,000 employees at 70 locations in more than 30 countries. The HELLA Group develops and manufactures lighting and electronic components and systems for the automotive industry and is one of the largest trade organizations for automotive parts, accessories, diagnosis and services within Europe.
In addition, HELLA joint-venture companies produce complete vehicle modules, air-conditioning systems and vehicle electric systems. With more than 4,800 people working in research and development, HELLA is one of the most important innovation drivers in the market. With sales of 4.8 billion euros in fiscal year 2011/2012, the HELLA Group is one of the top 50 automotive parts suppliers in the world and one of the 100 largest German industrial companies. Additional information about HELLA is available at www.HELLA.com.
InnoSenT GmbH, Donnersdorf: InnoSenT GmbH develops and manufactures a wide variety of components and subsystems for radar sensors with approx. 120 employees at its site in Donnersdorf in Bavaria. InnoSenT provides advice and delivers products to its customers all around the world directly or via distribution partners. An over proportionally large contingent of employees in research and development guarantee a leading position in radar technology. InnoSenT was repeatedly recognized by independent committees for innovative products and modern and trend-setting company management.
SOURCE HELLA
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