Capvis-backed Xovis completed the acquisition of the people sensing business from HELLA.

Capvis-backed Xovis, a high-tech company that develops, produces and distributes 3D sensors and software solutions, completed the acquisition of the people sensing business from HELLA, an international automotive supplier. Financial terms were not disclosed. "This strategic move underlines Xovis' and People Sensing’s commitment to diversification and expansion across multiple industries. It is a logical step to join forces and seamlessly integrate existing portfolios and enhance overall capabilities in the common core technology and businesses. The synergies between the two complementary business areas promise a future of shared success and customers will benefit from this expanded range of service and expertise. These are a key driver for sustained success and emphasizing our commitment to innovation," Rupert Paris, Xovis CEO.