Continental AG acquires Siemens VDO Automotive for $15.7 billion

Continental AG agreed to buy Siemens VDO Automotive AG from Siemens AG for approximately $15.7 billion. The acquisition, the largest in Continental's history, is expected to be fully approved by end of 2007 and integrated by end of 2009.

“In buying Siemens VDO Automotive AG, Continental is taking the logical next step in its evolution to full-range, integrated systems supplier.”fenderbender.com

• 1 source
• fenderbender.comJuggernaut Rising: Continental Acquires Siemens VDO Automotive | Fender BenderBob ChabotJan 1, 2020

Summarized from public sources; check the original articles before acting on it.