# Continental acquires automotive cybersecurity company Argus

Continental AG acquired Israel-based cybersecurity company Argus Cyber Security Ltd. for over $450 million. Argus will become part of Continental's EB division and continue global commercial relations with automotive suppliers.

- Type: Acquisition
- Announced: 2017-11-05
- Where: Israel
- Value: $450.0M
- Status: announced
- Products: automotive cybersecurity solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Continental](https://endata.com/companies/925.md) (acquirer)
- [Argus Cyber Security Ltd.](https://endata.com/companies/27860.md) (target)

## Sources

- [calcalistech.com](https://www.calcalistech.com/articles/0,7340,L-3724236,00.html), 2017-11-05: "With the acquisition of Argus Cyber Security we are enhancing our abilities to directly develop and offer solutions and services with some of the world's leading automotive cyber security experts to our customers around the globe."
- [globalventuring.com](https://globalventuring.com/blog/2017/11/07/magna-and-allianz-exit-argus-after-acquisition/), 2017-11-07: "Argus was founded with a vision to protect all vehicles on the road from cyber threats."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.