Kathrein makes rapid progress in its strategic reorientation: The company has sold its Automotive division to technology firm Continental. The purchase agreement was signed today. The parties have agreed not to disclose the purchase price. Hildesheim-based Kathrein Automotive GmbH is a specialist in transmission and reception systems in vehicles. After antitrust review, the company with its entire staff is planned to be incorporated into Continental in the first quarter of 2019. Kathrein Automotive has more than 1,000 employees at eight locations in Brazil, China, Germany, Mexico, Portugal and the USA.
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