.
MergerLinks Header Logo

New Deal


Announced

Completed

Continental completed the acquisition of a minority stake in Recogni.

Synopsis

Continental, a German multinational automotive parts manufacturing company, completed the acquisition of a minority stake in Recogni, a vision-oriented AI platform for autonomous vehicles. Financial terms were not disclosed. “Without faster chips, there will be no networking, no automation and no autonomous driving. Through our own research in the area of new chip designs, our strategic partnerships with large chip manufacturers such as NVIDIA and our investment in Recogni, we are taking the first step toward meeting the future need for highly specialized processors for sensor modules and control units for our powerful, high-performance vehicle computers,” Frank Petznick, Continental Head of the Advanced Driver Assistance Systems business unit.

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US