Siemens implemented for competitive reasons alone the VDO while Bosch Rexroth took over the area. However, this did not materialize because the Siemens AG and Robert Bosch GmbH took over these areas. In 2001, Vodafone, Mannesmann AG, retained its telecommunications shares and intended initially, the remaining business units, including VDO, as an independent AG under the name Atecs ( " Advanced Technologies " ) to go public. This also offers bicycle and pulse - computer under the brand VDO.
Then, the Mannesmann Kienzle GmbH ( tachographs and taximeter ) was integrated into the Mannesmann VDO AG.ġ998, the acquisition of Philips Business Communications branch Philips Car followed (audio and car navigation ).ġ999 VDO bike computer division was sold to the company Cycle Parts GmbH in Rohrbach / Landau. The sole heir of Adolf Schindling, Liselott Linsenhoff, sold the whole property, 1991 to Mannesmann. In 1978 the company IWC and Jaeger- LeCoultre were purchased ( mechanical watches ). The company VDO ( United DEUTA - OTA) was created in 1929 through the merger of DEUTA ( German Tachometer Werke GmbH ) with the OTA Apparate GmbH ( Offenbach speedometer works ).įrom the company part of the automotive Deuta later became the VDO Adolf Schindling Tachometer Werke GmbH, which in turn was used to VDO Adolf Schindling AG. The Board formed Helmut Matschi, Gérard Cordonnier and Harald chair man. The company employs claims to some 53,000 people worldwide (2006) and achieved a turnover of € 10 billion each in fiscal years 20. The VDO brand but will continue to function. At the same time the future product portfolio, with leading market positions worldwide, covers the megatrends in the upcoming years of safety, sustainability and information.įor more information about the Continental Corporation, visit the company's Web site.VDO Automotive AG was created after the purchase of Siemens VDO Automotive AG, Continental AG on 10 December 2007.įollowing a name change, the VDO Automotive AG merged on Jwith the Continental Automotive GmbH and is thus, together with the previous CAS ( Continental Automotive Systems ) for Continental Automotive Group of Continental Group.Ĭontinental Automotive GmbH is a global supplier to the automotive industry for automotive electronics and mechatronics. The acquisition of Siemens VDO Automotive AG represents for Continental the logical next step in its evolution as an integrated systems supplier. Upon conclusion of the transaction, Continental will rank globally among the top five in the automotive supplier industry, with sales of more than EUR25 billion and approximately 140,000 employees. An equally exciting and challenging period lies ahead in which the new Continental team will demonstrate the enormous talent and capabilities it now has at its disposal." At the beginning of December we can jointly tackle the major task of building the new Continental AG - at optimal operating temperature, so to speak. "We will soon enjoy the dividends of having quickly pushed ahead with the integration planning, which just got under way some four months ago. "We are delighted that, having received the approval of the EU Commission, we can now shortly conclude the purchase of Siemens VDO and, in so doing, take the most momentous step in Continental's corporate history," says Continental Executive Board chairman Manfred Wennemer. The integration of Siemens VDO into the Continental Corporation will begin immediately after closing. This will enable Continental to close the transaction at the beginning of December and transfer the purchase amount, EUR11.4 billion including tax benefits of around EUR1 billion, to Siemens AG. The EU Commission has approved Continental AG's acquisition of Siemens VDO Automotive AG without conditions, and issued antitrust authority approval.
0 kommentar(er)
