Samsung Electronics is strengthening its position in the automotive components market following its decision to acquire the Advanced Driver Assistance Systems (ADAS) division of Germany’s ZF Friedrichshafen, The Wall Street Journal reports.
The acquisition will be carried out through Harman International, Samsung’s automotive and audio components subsidiary, for €1.5 billion (around $1.76 billion). The move aims to expand Samsung’s technological base to deliver “safer, smarter, and more intuitive” in-vehicle experiences.
Read full article here: turnovernews.com
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Photo: Wirtschafts Woche
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