Corporate & Financials 2024-06-03

Xovis completes acquisition of FORVIA HELLA's People Sensing business

  • People Sensing business has been successfully integrated into the Xovis portfolio and now operates exclusively within the Xovis brand
  • 65 employees changed to Xovis as part of the transaction and now continue to work from Berlin under Xovis Germany GmbH

Lippstadt, 3 June 2024. Xovis, headquartered in Switzerland, has finalized its acquisition (“closing”) of the People Sensing business of HELLA Aglaia, Berlin-based subsidiary and software specialist of international automotive supplier FORVIA HELLA. The acquisition of the People Sensing business by Xovis and the assumption of complementary business areas opens additional growth opportunities in international core markets. The signing of the transaction has been announced on 9 January 2024.

Active in the field of high-precision people counting sensors, particularly in the public transportation industry, People Sensing and 65 of its Berlin-based employees have been integrated into the Xovis group, operating as from today as Xovis Germany GmbH with registered office in Berlin.

"The People Sensing acquisition demonstrates our interest in expanding into new markets with new products and services, as well as our commitment to investing in the people behind them," says Xovis CEO Christian Studer. "The future for the new Xovis is bright, and we look forward to exploring the many opportunities this deal offers. Our ongoing work developing AI-powered and machine-learning-based solutions for different industries, including transportation, will be greatly supported by Xovis Germany and its team of world-class research scientists."

"I am delighted that we can now hand over our People Sensing business to Xovis as the new owner and open up additional future opportunities for the business with this step,” says Kay Talmi, Managing Director of HELLA Aglaia and member of the Electronics Executive Board at FORVIA HELLA. "At the same time, we are sharpening the profile of HELLA Aglaia and our Global Software House as a Group-wide innovation driver for software and AI-related topics with this transaction.”

People Sensing has been successfully integrated into the Xovis portfolio and will operate exclusively within the Xovis brand as of today. The acquisition of People Sensing, a leader in delivering Automated Passenger Counting solutions to public transport operators, reinforces Xovis' reputation for delivering robust analytics solutions.